Question

Home Depot wants to buy a new line of fertilizers. Manufacturer A offers a 20/12 chain discount. Manufacturer B offers a 25/8 chain discount. Both manufacturers have the same list price.

What is the percentage of discount for both manufacturers?

Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth percent.

Answer 1

Manufacturer A has a discount rate of 29.60%

Manufacturer B has a discount of 31.00%

What is a chain discount?

Chain discount refers a series of discounts given off the list price of a manufacturer as it is the scenario

Manufacturer A:

There is a discount of 20% and 12%

first discounted price=(1-20%)=0.80

second discounted price=1-12%=0.88

final price=(0.80*0.88)

final price=70.40%

final discount=1-final price

final discount=1-70.40%

final discount=29.60%

Manufacturer B:

There is a discount of 25% and 8%

first discounted price=(1-25%)=0.75

second discounted price=1-8%=0.92

final price=(0.75*0.92)

final price=69.00%

final discount=1-final price

final discount=1-69.00%

final discount=31.00%

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