Question

Find the simple discount equivalent to a discount

Answer 1

Answer:

Single discount equivalent: the complement of the net decimal equivalent. It is the decimal equivalent of a single discount rate that is equal to the series of discount rates.

Total amount of a series of discounts = single discount equivalent x list price.

Net amount you pay = net decimal equivalent x list price

Answer 2

Answer:

Single discount equivalent: the complement of the net decimal equivalent. It is the decimal equivalent of a single discount rate that is equal to the series of discount rates. Total amount of a series of discounts = single discount equivalent x list price.