Question

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

Answer 1

List price = a

Equelent net price rate =

100% - 7 = 0.93

100% - 4 = 0.96

100% - 2 = 0.98

0.93 x 0.96 x 0.98 = 0.874944

Net price = a x 0.874944 = 1219

a = 1219/0.87= 1393.23

List price = Rs.1393.23