Which one of the following statements is true? The net price equivalent rate for the chain discount 8/12 is less than the net price equivalent rate for the chain discount 12/0. Net price is the price at which the manufacturer suggests the item be sold to the consumer. The discount rate is 8 percent of the list price. The manufacturer's store offers an 8% discount and an additional 12% discount. The single equivalent discount rate offered by this store is 4%.
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The net price equivalent rate for the chain discount 8/12 is less than the net price equivalent rate for the chain discount 12/0. This statement is true because the chain discount 8/12 means a discount of 8% followed by a discount of 12%, while the chain discount Show more…
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