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.6966.
(round to four decimal places as needed.)
the single discount equivalent is □%.
(round to two decimal places as needed.)

Explanation:

Step1: Recall the formula for single discount equivalent

The single discount equivalent is calculated as \(1 - \text{net cost equivalent}\), then multiply by 100 to get the percentage.

Step2: Calculate the single discount equivalent

Given net cost equivalent is \(0.6966\).
First, find the discount factor: \(1 - 0.6966 = 0.3034\)
Then, convert to percentage: \(0.3034\times100 = 30.34\)

Answer:

The single discount equivalent is \(30.34\%\).