A motor bike was originally listed at $769.99. The price was first discounted to
$550.54, followed by a final discounted
price of $449.79. What was the single
equivalent rate of discount at the final
price?

Answer

2

muddassirmkhan95

Beginner

5 answers

97 people helped

Single Equivalent Discount % on final price  = 41.58%

Explanation:

The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99)-1)*100

and then further discounted by 18.3% ((449.79/550.54)-1)*100 to $449.79.

but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:

((449.79/769.99)-1)*100 = 41.58% which shows the actual discount % versus the original price of the grill.  

Step-by-step explanation:

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