← back to the Substrate Record
qid 90 · business
Question: (a) Given the two discount series of 30-10-2(1/2) % and 25-15-2%, which is better? (b) Given the discount series 15-15% and the single rate of 30%, which is better?
- The series 30-10-2(1/2)% and the single rate of 25% are better
- The single rate of 25% and the series 15-15% are better
- The series 30-10-2(1/2) % and the series 15-15% are better
- The series 25-15-2% and the single rate of 30% are better
- The series 30-10-2(1/2)% is better, but there is no difference between the series 15-15% and the single rate of 30%
- Both discount series are equally beneficial
- The series 25-15-2% is better, and the series 15-15% and the single rate of 30% are equally beneficial
- The series 25-15-2% and the series 15-15% are better
- The series 25-15-2% and the single rate of 25% are better
- The series 30-10-2(1/2) % and the single rate of 30% are better
Our answer: J. The series 30-10-2(1/2) % and the single rate of 30% are better Source quote machine-checked (exact quote)
How it was answered
Stored method, replayed by code (kind: formula)
Current source
Business Math (Olivier), Mathematics LibreTexts, 6.01 Figuring Out the Cost - Discounts
“This requires you first to convert the multiple discount rates into an equivalent single discount rate using Formula 6.4 and then to apply Formula 6.2a.”
Source quote machine-checked (exact quote)
Earlier version (superseded)
No public source has been found for this card yet (6 places checked internally).
If you have a Citable Source to dispute or challenge this, ADD IT so we can correct the answer by appending, never deleting. — hello@lianabanyan.com