Question

An infrared barbeque grill was originally listed at $769.99. the price was first discounted to$550.54, followed by a final discount of $449.79. what was the single equivalent rate of discount at the
final price

Answer 1

Answer:

Single Equivalent Discount % on final price  = 41.58%

Explanation:

• The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99)-1)*100
• and then further discounted by 18.3% ((449.79/550.54)-1)*100 to $449.79.

but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:

• ((449.79/769.99)-1)*100 = 41.58% which shows the actual discount % versus the original price of the grill.