a tool cabinet was originally listed at $769.pp. The price was first discounted to $550.54, follwed by a final discount price of $449.79. What was the single equivalent rate of discount at the final price?

Question

anonymous · Answer

218.46
100.75

anonymous · Answer

how to do that

anonymous · Answer

That's not the answer. I was just putting my thoughts through. I subtracted 1st price with 2nd price, 2nd price with 3rd price!

anonymous · Answer

k, the answer is 41.6%

anonymous · Answer

Okay Good Luck Corinne:)

anonymous · Answer

i don't know how to do that..just know the answer

anonymous · Answer

SDRE = 100% – [NPR1 * NPR2 * ...* NPRn]
 where NPR is the net price rate.

jdoe0001 · Answer

ahemm.... well, it helps to know what they're really asking
math wise is just plain arithmetic really

but in this case, the so-called SDRE, has a procedure, which the exerciise assumes you should already know

jdoe0001 · Answer

http://loadplus.wordpress.com/2012/11/14/single-discount-rate-equivalent/

anonymous · Answer

Are you saying i'm wrong? Please explain :)

jdoe0001 · Answer

ahh... no heheh, I don't even know you're hehehe
I'm saying she's a bit confused not due to the math in it, but due to the procedure for the SDRE, then again, the exercise assumes she should know

anonymous · Answer

the answer of that question is correct. It's from the textbook

anonymous · Answer

Oh. Okay.

anonymous · Answer

what's the step, please tell me

anonymous · Answer

All you have to do is put the points in Corinne.

anonymous · Answer

The steps will play out.

anonymous · Answer

okay...thanks