business math

Question

bakers financial planners purchased seven new computers for $850 each. it received a 15% discount because it purchased more than five and an additional 6% discount because it took immediate delivery. terms of payments were 2/10, n/30. bakers pays the bill within the cash discount period. how much should the check be ? round to the nearest cent.

Answer 1

Total bill:

$850*7=$5,950

First discounted price:

$5,950-15%*5,950(discount)=$5,057.5

Additional discounted price:

$5,057.5-6%*5,057.5=$4,754.05

They pay within the cash discount period, so they get an additional 2% discount (2/10), therefore the invoice will be:

$4,754.05-2%*4,754.05= $4,658.97