an invoice quotes a price of $620 subject to discounts of 30%, 15%, and 5%. what is the selling price…

an invoice quotes a price of $620 subject to discounts of 30%, 15%, and 5%. what is the selling price? (round off your answer to the nearest cent.)\na) $350.46\nb) $434.00\nc) $310.00\nd) $368.90

an invoice quotes a price of $620 subject to discounts of 30%, 15%, and 5%. what is the selling price? (round off your answer to the nearest cent.)\na) $350.46\nb) $434.00\nc) $310.00\nd) $368.90

Answer

Answer:

A. $350.46

Explanation:

Step1: Calculate price after 30% discount

$620\times(1 - 0.3)=620\times0.7 = 434$

Step2: Calculate price after 15% discount

$434\times(1 - 0.15)=434\times0.85 = 368.9$

Step3: Calculate price after 5% discount

$368.9\times(1 - 0.05)=368.9\times0.95=350.455\approx350.46$