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10 May, 23:43

An infrared barbeque grill was originally listed at $769.99. the price was first discounted to$550.54, followed by a final discount of $449.79. what was the single equivalent rate of discount at the

final price

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  1. 11 May, 01:22
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    Single Equivalent Discount % on final price = 41.58%

    Explanation:

    The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99) - 1) * 100 and then further discounted by 18.3% ((449.79/550.54) - 1) * 100 to $449.79.

    but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:

    ((449.79/769.99) - 1) * 100 = 41.58% which shows the actual discount % versus the original price of the grill.
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