Please answer 😊 thank you . I need the answer for my class tomorrow 😊

Question

My regular beef supplier gives me a 5% discount on my meat purchases every week.If the price of beef brisket this week is Php375 per kilo and I am planning to buy 1.5 kilos, how much trade discount will I receive from this purchase

Answer 1

First, we need to find the original price that you would have paid the beef supplier with no discount.

If the price is $375/kilo, and there are 1.5 kilos, then you need to pay 1.5 * $375. This is $562.5 total for 1.5 kilos.

Now, we need to apply the 5% discount to your purchase. We are going to take 5% away from your total price.

So 5% can also be written as 5/100. So 5/100 of $562.5 is (5/100)*562.5=$28.125

This is the amount of money that you can subtract as discount from your original price. so $562.5-28.125=534.375.

Since money only goes to 100 centavos, we will round this answer to PHP534.38. That will be how much you have to pay your beef supplier.