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A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? A. $648.00 C. $569.25 B. $621.00 D. $594.00

A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? A. $648.00 C. $569.25 B. $621.00 D. $594.00

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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**Problem Statement:** A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? **Options:** A. $648.00 B. $621.00 C. $569.25 D. $594.00 --- **Explanation:** This mathematical problem involves calculating the effects of a chain discount on a given invoice subtotal. The goal is to determine the total price of an invoice that qualifies for a chain discount. Here, a chain discount of 25/20 implies a successive application of two discounts: first 25%, and then 20%. The list price provided is $45 per item. The problem requires calculating the total price after applying these discounts to establish when the invoice goes over $1,000.
Transcribed Image Text:**Problem Statement:** A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? **Options:** A. $648.00 B. $621.00 C. $569.25 D. $594.00 --- **Explanation:** This mathematical problem involves calculating the effects of a chain discount on a given invoice subtotal. The goal is to determine the total price of an invoice that qualifies for a chain discount. Here, a chain discount of 25/20 implies a successive application of two discounts: first 25%, and then 20%. The list price provided is $45 per item. The problem requires calculating the total price after applying these discounts to establish when the invoice goes over $1,000.
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