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VELS EDITION
3RD EDITION


                             MATHS                      8
                             QUEST                                 for Victoria

INVESTIGATION
    CHAPTER 6

    SUCCESSIVE DISCOUNTS



       At the beginning of this chapter we looked at Tony, the
       mechanic, who bought $250 worth of equipment at this tool
       store. Tony received 15% off the marked price of all items
       and then a further 5% trade discount.
          When two discounts are given on the same item or group
       of items, they are called successive discounts. In this case
       Tony received successive discounts of 15% and 5%.
          Is this equal to a single discount of 20%?

              QUESTIONS
              1 Calculate the amount that was due after Tony was given
                the first 15% discount.
              2 From this amount, apply the trade discount of 5% to find
                the amount that was due.
              3 How much is the cash discount that Tony received?
              4 Now calculate the amount that would have been due
                had Tony received a single discount of 20%. Is this the
                same answer?
              5 Calculate the amount of cash discount that Tony
                received as a percentage of the original bill.
              6 Would the discount have been the same had the 5%
                discount been applied before the 15% discount?
              7 Now try the following problem. Calculate the single
                discount that is equivalent to successive discounts of
                10% and 20%.




                                                                                                 Source: Creative Cohesions – Jennifer Wright.




                                                       © John Wiley & Sons Australia, Ltd 2011

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Percent investigation

  • 1. VELS EDITION 3RD EDITION MATHS 8 QUEST for Victoria INVESTIGATION CHAPTER 6 SUCCESSIVE DISCOUNTS At the beginning of this chapter we looked at Tony, the mechanic, who bought $250 worth of equipment at this tool store. Tony received 15% off the marked price of all items and then a further 5% trade discount. When two discounts are given on the same item or group of items, they are called successive discounts. In this case Tony received successive discounts of 15% and 5%. Is this equal to a single discount of 20%? QUESTIONS 1 Calculate the amount that was due after Tony was given the first 15% discount. 2 From this amount, apply the trade discount of 5% to find the amount that was due. 3 How much is the cash discount that Tony received? 4 Now calculate the amount that would have been due had Tony received a single discount of 20%. Is this the same answer? 5 Calculate the amount of cash discount that Tony received as a percentage of the original bill. 6 Would the discount have been the same had the 5% discount been applied before the 15% discount? 7 Now try the following problem. Calculate the single discount that is equivalent to successive discounts of 10% and 20%. Source: Creative Cohesions – Jennifer Wright. © John Wiley & Sons Australia, Ltd 2011