Ask Question
2 July, 02:58

Brooks Brothers bought a suit that has a list price of $1,219, with a chain discount of 7/4/2. What is the net price of the suit?

+1
Answers (1)
  1. 2 July, 03:17
    0
    A chain discount of 7 / 4 / 2 means that we have first a 7 % discount, than a 4 % discount, and than a 2 % discount.

    Net Price = Original Price x Net Price Factor

    Net Price Factor = (1 - 0.07) * (1 - 0.04) * (1 - 0.02) =

    = 0.93 * 0.96 * 0.98 = 0.874994

    Net Price = $1,219 * 0.874944 = $1,066.56
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brooks Brothers bought a suit that has a list price of $1,219, with a chain discount of 7/4/2. What is the net price of the suit? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers