The total cost of 11 printers is $500.19.
Given that,
A retailer needs to purchase 11 printers.
The first printer costs $58, and each additional printer costs 5% less than the price of the previous printer, up to 15 printers.
We have to determine,
What is the total cost of 11 printers?
According to the question,
The first printer costs $58.
Each additional printer costs 5% less than the price of the previous printer, up to 15 printers.
The cost of a second printer is,
= 0.95 × 58 = $55.1
The cost of a third printer is,
= 0.95 × 55.1 = $52.345
The cost of a fourth printer is,
= 0.95 × 52.345 = $49.727
The cost of a fifth printer is,
= 0.95 × 49.727 = $47.241
The cost of a sixth printer is,
= 0.95 × 47.241 = $44.879
The cost of a seventh printer is,
= 0.95 × 44.879 = $42.635
The cost of an eight printer is,
= 0.95 × 42.635 = $40.50
The cost of a nineth printer is,
= 0.95 × 40.50 = $38.478
The cost of tenth printer is,
= 0.95 × 38.478 = $36.554
The cost of the eleventh printer is,
= 0.95 × 36.554 = $34.726
Therefore,
The total cost of 11 printers is,
= $58 + $55.1 + $52.345 + $49.727 + $47.241 + $44.879 + $42.635 + $40.50 + $38.478 + $36.554 + $34.726 = $500.19.
Hence, The total cost of 11 printers is $500.19.
For more details refer to the link given below.
brainly.com/question/16048559
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