What is a series discount?

• A single discount applied multiple times

• A combination of multiple trade discounts

• A discount that is always 30%

• A discount applied only to wholesale products

How is a 20/10 series discount applied to a product?

• A 30% discount is applied directly

• A 10% discount is applied first, followed by a 20% discount on the reduced price

• A 20% discount is applied first, followed by a 10% discount on the reduced price

• A 20% discount is applied twice

What is the formula to calculate the single discount equivalent?

• 1 minus the sum of the discounts

• 1 minus the product of the complements of the discounts

• The sum of the complements of the discounts

• The product of the discounts

In a 20/15/10 series discount, what is the complement of the 15% discount?

• 0.95

• 0.75

• 0.15

• 0.85

How do you calculate the total discount amount using the single discount equivalent?

• Add the single discount equivalent to the list price

• Multiply the list price by the sum of the discounts

• Subtract the single discount equivalent from the list price

• Multiply the list price by the single discount equivalent