Question

a supplier offers a series discount of 10/16. find the net cost equivalent and the single discount equivalent. the net cost equivalent is \boxed{}. (round to four decimal places as needed.)

Explanation:

Step1: Convert discounts to decimals

A 10% discount means we pay \(1 - 0.10 = 0.90\) of the original price. A 16% discount means we pay \(1 - 0.16 = 0.84\) of the price after the first discount.

Step2: Calculate net cost equivalent

Multiply the two decimals: \(0.90\times0.84 = 0.7560\)

Answer:

0.7560