i was having issues with this problem

List price

Discount rate 25% , 10% , 7 1/2 %

Discount amount

Net Price 93.03

the problem was i am having trouble calculating the 7 1/2 %

Printable View

- February 4th 2009, 01:52 PMdiehardmath4trade discounts
i was having issues with this problem

List price

Discount rate 25% , 10% , 7 1/2 %

Discount amount

Net Price 93.03

the problem was i am having trouble calculating the 7 1/2 % - February 4th 2009, 02:19 PMKevlar
PS not sure if this is right wat round saying the 93.03 is the discounted price, can't clearly tell from the question so what i've done below is how to work out the list price.

Ima do this in £'s as im british hope you don't mind.

Net Price = £93.03

1stDiscRate = 25% => 100-25 = 75%

£93.03=75%

93.03 x (100/75) = £124.12

2ndDiscRate = 10% => 100-10 = 90%

£93.03=90%

93.03 x (100/90) = £103.37

3rdDiscRate = 17.5% => 100-17.5 = 82.5%

£93.03=82.5%

93.03 x (100/82.5) = £112.76

---------------------------------------------

If you are saying the 93.03 is the list price (100%)

and you want to calculate the discount price/price before vat(17.5%)

93.03 = 100%

Find 10% = 93.03/10 = 9.303 -> Half this for 5%

5% = 9.303/2 = 4.6515 -> Half this for 2.5%

2.5% = 4.6515/2 = 2.32575

Add 10%, 5%, 2.5% to get 17.5%

9.303+4.6515+2.32575 = 16.28025 = £16.28

This is discount just take this from full price

93.03 - 16.28 = £76.75 Discounted Price/Excluding VAT - February 4th 2009, 02:21 PMmasters