The sale price for the snowboard after the trade and loyalty discount of 15% and 4% will be 351.01 dollars.
The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.
Frigid Boards purchases one of its snowboards for $395 less a retail trade discount of 15% and a loyalty discount of 4%. Then the price of the snowboards will be
⇒ $ 395 × 0.85 × 0.96
⇒ $ 322.32
Its markup on selling price percentage on all snowboards is 21%, then we have
⇒ $ 322.32 × 1.21
⇒ $ 390.01
At the end of the season, any leftover snowboards are marked down by 10%, then we have
⇒ $ 390.01 × 0.90
⇒ $ 351.01
More about the percentage link is given below.
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