To solve the given problem, we need to calculate the net price<\/strong> of the LG Blu-Ray player after applying a chain discount<\/strong> of 8\/6\/4 to the list price of $198<\/strong>, and also determine the net price equivalent rate<\/strong> and the single equivalent discount rate<\/strong> in decimal<\/strong> form.<\/p>\n\n\n\n A chain discount<\/strong> of 8\/6\/4 means three successive discounts are applied to the list price:<\/p>\n\n\n\n To find the net price, convert each percentage discount to a decimal multiplier:<\/p>\n\n\n\n Multiply the three multipliers to get the net price equivalent rate<\/strong>:0.92\u00d70.94\u00d70.96=0.83020.92 \\times 0.94 \\times 0.96 = 0.83020.92\u00d70.94\u00d70.96=0.8302<\/p>\n\n\n\n This value is the net price equivalent rate in decimal form<\/strong>. It represents the fraction of the list price the buyer will actually pay after all discounts.<\/p>\n\n\n\n Multiply the net price equivalent rate by the list price:198\u00d70.8302=164.38198 \\times 0.8302 = 164.38198\u00d70.8302=164.38<\/p>\n\n\n\n So the net price<\/strong> is $164.38<\/strong>.<\/p>\n\n\n\n This is simply:1\u2212Net Price Equivalent Rate=1\u22120.8302=0.16981 \u2212 \\text{Net Price Equivalent Rate} = 1 \u2212 0.8302 = 0.16981\u2212Net Price Equivalent Rate=1\u22120.8302=0.1698<\/p>\n\n\n\n So the single equivalent discount rate in decimals<\/strong> is 0.1698<\/strong>.<\/p>\n\n\n\n A chain discount is a series of percentage discounts applied one after the other to a product’s list price. It is commonly used in wholesale and retail pricing. In this case, the LG Blu-Ray player has a list price of $198 and a chain discount of 8%, 6%, and 4%.<\/p>\n\n\n\n To find the total impact of these successive discounts, we must apply each one as a percentage off of the remaining price after the previous discount. This is different from simply adding the discount percentages together, because each discount is calculated on a different reduced base.<\/p>\n\n\n\n The easiest way to handle this is to convert each percentage into a decimal multiplier. For example, an 8% discount becomes 0.92, meaning the buyer pays 92% of the price after that discount. We repeat this process for the 6% and 4% discounts, using 0.94 and 0.96 respectively.<\/p>\n\n\n\n By multiplying all three decimal multipliers together, we get the net price equivalent rate<\/strong>\u2014this tells us what portion of the original price the buyer pays after all discounts. Multiplying this rate by the list price gives us the final net price<\/strong> the buyer pays.<\/p>\n\n\n\n The single equivalent discount rate<\/strong> is the total reduction from the original price. It is calculated by subtracting the net price equivalent rate from 1. This gives a clear understanding of how much total discount the customer receives, expressed as a single percentage.<\/p>\n\n\n\n This method is useful for simplifying complex discount chains and is widely used in business and accounting to evaluate final prices and profitability.<\/p>\n\n\n\n Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) 0.8302 0.1698 Chain discount Item LG Blu-Ray player List price Trade discount Net price 198 8\/6\/4 The Correct Answer and Explanation is: To solve the given problem, we need to calculate the net price of the LG Blu-Ray player after applying a chain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34937","post","type-post","status-publish","format-standard","hentry","category-quiz-questions"],"_links":{"self":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/34937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/comments?post=34937"}],"version-history":[{"count":1,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/34937\/revisions"}],"predecessor-version":[{"id":34939,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/posts\/34937\/revisions\/34939"}],"wp:attachment":[{"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/media?parent=34937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/categories?post=34937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaviki.com\/blog\/wp-json\/wp\/v2\/tags?post=34937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nStep 1: Understand the Discounts<\/strong><\/h3>\n\n\n\n
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\n\n\n\nStep 2: Convert Discounts to Multipliers<\/strong><\/h3>\n\n\n\n
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\n\n\n\nStep 3: Multiply the Discounts<\/strong><\/h3>\n\n\n\n
\n\n\n\nStep 4: Find the Net Price<\/strong><\/h3>\n\n\n\n
\n\n\n\nStep 5: Find the Single Equivalent Discount Rate<\/strong><\/h3>\n\n\n\n
\n\n\n\nFinal Answers<\/strong><\/h3>\n\n\n\n
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\n\n\n\nExplanation (300 Words)<\/strong><\/h3>\n\n\n\n
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