The list price of an item is $ 93.45. The supplier is offering a series trade discount of 7/23. Find the net cost.

Answer: $66.92

Step-by-step explanation:

We can get the final price by calculating the first discount and then subtracting this from the original price to get the amount to which the second discount is applied. We can then determine the final price by subtracting the second discount from the intermediate price. The percent of the first discount is 7.

The price after the first discount is $93.45 - ($93.45*0.07) = $86.91.

The price to which the second discount is applied is $86.91.

The second discount is 23%

86.91 x 0.23 = $19.99

The final price is (86.91 - 19.99) = 66.92