Asked by Bayle Glassmaker on May 30, 2024
Verified
Car parts were purchased at a cost of $810 less 15%, 10% and 5%. The net cost of the parts were $603.20.
Net Cost
The actual cost of a product or service after all discounts, rebates, or allowances have been applied.
- Investigate the impacts of successive discounts and their ultimate influence on the price.
Verified Answer
MA
marylu ayalaJun 04, 2024
Final Answer :
False
Explanation :
The net cost is calculated by sequentially applying the discounts on the original price. First, a 15% discount on $810 gives $688.50. Then, a 10% discount on $688.50 results in $619.65. Finally, a 5% discount on $619.65 gives a net cost of $588.67, not $603.20.
Learning Objectives
- Investigate the impacts of successive discounts and their ultimate influence on the price.
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