Question: What is single equivalent discount?

Equivalent discount. Discounts, as we all know, is the deduction on the price of the items. It is always calculated on the marked price. Similarly equivalent or successive discounts are more than one discount that is given to the customers.

What is single discount series?

Single trade discounts are commonly known as “one-off” discounts that your business offers to customers or clients when their purchases meet a specific condition that would trigger that discount.

What is the equivalent single discount of 20 and 10?

Complete step-by-step answer:

Thus, successive discounts i.e. 20% and 10% on 100 is 72. Thus, the answer is 28%. Option (a) is the correct answer.

What is the equivalent single trade discount for a trade discount series?

The trade discount series 40/12.5//2 is equivalent to a single trade discount of 52.84%.

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What is a single discount equivalent to two successive discount of 10% and 15%?

Hence, 23.5% discount is equivalent to two successive discounts of 10% and 15%.

What is the single discount equivalent to a discount series of 40% and 20%?

Detailed Solution. Given: The successive discount are 40% and 20%. ∴ The single equivalent discount is 52%.

What is the single discount equivalent to two successive discount 50 and 50?

Hence, a single discount of 75.5% is equivalent to two given successive discounts.

What is the equivalent single trade discount for a trade discount series of 40% 12.5% 8⅓% and 2%?

exaMpLe 6.1h Determine the amount of discount for a $100.00 list price subject to the discount series 40%, 12.5%, 8⅓%, and 2%. Rate of discount = Amount of discount/List price = 52.8375/100 = 0.528375 The single equivalent rate of discount is 52.84%.

What is the single discount equivalent to a series discount of 20% 10% and 5%?

i.e. The single equivalent discount is 38.8%.

How do you calculate 2 discounts?

For example, if the original price was $50 and we have two discounts: 20% and 10% , then we’re doing something like this: $50 – 20% = $50 – $10 = $40 . Then $40 – 10% = $40 – $4 = $36 .

Which is better offers two successive discounts of 20% and 10% or a single discount of 30%?

Answer: A single discount of 30% is better offer.

What is trade discount with example?

Example of a Trade Discount

The retail price for a green widget is $2. One reseller orders 500 green widgets, for which ABC grants a 30% trade discount. Thus, the total retail price of $1,000 is reduced to $700, which is the amount that ABC bills to the reseller. The trade discount is therefore $300.

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What is the difference between cash discount and trade discount?

Trade Discount is a subtraction from the list price of the goods, allowed by the trader to the customer at an agreed rate. On the contrary, a Cash Discount is a discount allowed to the customer, when he/she makes cash payment of the goods purchased, within the stipulated time.