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puma
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A merchant gets a 5% discount on each meter of fabric he 19 Apr 2008, 08:34
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A merchant gets a 5% discount on each meter of fabric he buys after the first 2,000 meters and a 7% discount on every meter after the next 1,500 meters. The price, before the discount , of one meter of fabric is $2. What is the total amount of money the merchant spends on 4,500 meters of fabric?

a) $8,617
b) $8,710
c) $8,810
d ) $ 8,835
e) $8,915



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A merchant gets a 5% discount on each meter of fabric he 19 Apr 2008, 08:54
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puma
A merchant gets a 5% discount on each meter of fabric he buys after the first 2,000 meters and a 7% discount on every meter after the next 1,500 meters. The price, before the discount , of one meter of fabric is $2. What is the total amount of money the merchant spends on 4,500 meters of fabric?

a) $8,617
b) $8,710
c) $8,810
d ) $ 8,835
e) $8,915
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B.

1-2000 meter, $2 per meter, no discount, total = 2*2000 = 4000
2001-3500 meter, $2 per meter, 5% discount, total = (95/100)*2*1500 = 2850
3501-4500 meter, $2 per meter, 7% discount, total = (93/100)*2*1000 = 1860

4000+2850+1860 = 8710



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Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!