The primary difference between a single trade discount and discount series is that there are more conditions buyers must meet in a discount series to take full advantage of the reduction.
What is series discount?
A discount series, also called a chain discount or trade discount series, occurs when multiple discounts are offered on the same item. … For example, a 10/6/4 discount series means that the item is offered for sale first at a 10 percent discount, then 6 percent and then 4 percent.
What is single discount?
of the first discount. In this case, the first discount of 10% reduces the price of 100 to 90. The second discount of 15% will be on the amount of 90, which is. Therefore, the successive discounts add up to = 23.5%(Option D) as a single discount.
What are the steps in computing single trade discount and discount series?
To find the trade discount by applying a trade discount series and using the single discount equivalent:
- Find the single discount equivalent by subtracting the net decimal equivalent from “1.”
- Multiply the list price by the single discount equivalent.
What is a 50 20 discount?
Sale Price = $40 (answer). This means the cost of the item to you is $40. You will pay $40 for a item with original price of $50 when discounted 20%. In this example, if you buy an item at $50 with 20% discount, you will pay 50 – 10 = 40 dollars.
What if there are 2 trade discounts?
By contrast, a trade discount series is when a seller offers more than one discount on a product. … So, if a product originally sold for $100 and had the series described above, the first discount would be $100*. 25 = $25 but the second discount would be $75*. 15 = 11.25.
What is single discount equivalent to?
What single discount is equivalent to two successive discounts of 20% and 15%? Hence option [B] is correct answer.
What is the single discount equivalent to two successive discounts of 8% and 15%?
Thus, the answer is 28%. Option (a) is the correct answer.
What is a single discount equivalent to two successive discounts of 10% and 15%?
Equivalent discount = 28%.
What is discount formula?
The formula to calculate the discount rate is: Discount % = (Discount/List Price) × 100.
What is the markup formula?
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.
How do you calculate a triple discount?
Take the original price and subtract the original price times the 1st discount. Take the price from step 2 and subtract the price from step 2 times the 2nd discount. Calculate the final price. Take the price from step 3 and subtract the price from step 3 times the 3rd discount.
How are cash discounts calculated?
Calculating a cash discount. A cash discount is always deducted from the gross amount of the invoice. … Cash discount = gross amount x discount percentage. Payment amount = gross amount – cash discount.
How do you calculate a single effective discount rate?
If all possible discount rates result in the same subsidy, return a weighted average (defined below) as the single effective rate; Determine if a single effective rate exists. If not, return a weighted average as the single effective rate; Determine if there is a unique single effective rate.
What is a single discount equivalent to a discount series of 10 and 20?
i.e. The single equivalent discount is 38.8%.