Question

a supplier offers a series discount of 14/19. find the net cost equivalent and the single discount equivalent. the net cost equivalent is (round to four decimal places as needed.)

Explanation:

Step1: Convert discounts to decimal

A discount of 14% means we pay \(1 - 0.14 = 0.86\) of the original price. A discount of 19% means we pay \(1 - 0.19 = 0.81\) of the price after the first discount.

Step2: Calculate net cost equivalent

Multiply the two decimals: \(0.86\times0.81\)
\[0.86\times0.81 = 0.6966\]

Answer:

0.6966