Determine the equivalent single rate of discount for the following series of discounts. 50%, 33(1/3)%, 5.0%
Added by Brandon G.
Step 1
- First, apply a 50% discount: 100% - 50% = 50% - Next, apply a 33(1/3)% discount on the remaining amount: 50% - (33(1/3)% of 50%) = 50% - (1/3 * 50%) = 50% - 16.67% = 33.33% - Finally, apply a 5.0% discount on the remaining amount: 33.33% - 5.0% = 28.33% Show more…
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