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23 February, 21:02

Walgreens is offered a chain discount on cosmetics from Libby Corp. of 8/5/2; Roma Company offers a chain discount of 7/6/4. What is the highest discount offered?

.14348

.839232

.85652

.160768

None of these

+5
Answers (1)
  1. 23 February, 21:31
    0
    Answer: 0.0160768

    Step-by-step explanation:

    Let the marked price of the cosmetic be 100.

    From the question,

    Walgreens is offered a chain discount on cosmetics from Libby Corp. of 8%, 5% and 2%. The selling price of the cosmetic after the chain discount will be:

    100 * (1 - 8/100) * (1 - 5/100) * (1 - 2/100)

    = 100 * (1 - 0.08) * (1 - 0.05) * (1 - 0.02)

    = 85.652

    Discount = Marked price - Selling price

    Discount = 100 - 85.652

    Discount = 14.348

    Discount percent = 14.348% = 0.14348

    Roma Company offers a chain discount of 7%, 6% and 4%.

    The selling price of the cosmetic after the chain discount will be:

    100 * (1 - 7/100) * (1 - 6/100) * (1 - 4/100)

    = 100 * (1 - 0.07) * (1 - 0.06) * (1 - 0.04)

    = 83.9232

    Discount = Marked price - Selling price

    Discount = 100 - 83.9232

    Discount = 16.0768

    Discount percent = 16.0768% = 0.0160768

    The highest discount offered is 0.0160768.
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