Question

Rocklin Food Services ordered 12 refrigerator units at a list price of $7,950 each. The company received a 22% trade discount, plus an additional 8% off (after the tradediscount) if the final invoice was over $70,000. What was the wholesale price paid by the company?$74,412.00$72,675.42$68,459.04$66,900.22None of these choices are correct

Answer 1

Firs we are going to find the full price of the 12 units

`7,950\cdot12=95,400`

Now we are going to fimd the price with the discount of 22%, first the 22% of the full price is

`22\cdot(95,400)/(100)=20,988`

So with the discount of 22% the price is

`95,400-20,988=74,412`

Now over this price the company received another discount of 8%, so we are going to find the 8% of 74,412, and then find the final price

`12\cdot(74,412)/(100)=8,929.44`

So the final price is

`74,412-8,929.44=65,482.56`

The answer is: None of these choices are correct because the answer is 65,482.56