3.70
It is: 0.05*306 = 15.3 discount
20% discount is one fifth off.
You will pay $16.01 after the discount.
38 percent off is 38% discount
The amount after the discount is $21.40
You saved 9.25.
It is a discount of 15.
3.70
It is: 0.05*306 = 15.3 discount
20% discount is one fifth off.
You will pay $16.01 after the discount.
38 percent off is 38% discount
26.7
2.25!
It is advisable to borrow in order to take a cash discount when the cost of borrowing is less than the cost of foregoing the discount. If it cost us 36 percent to miss a discount, we would be much better off finding an alternate source of funds for 8 to 10 percent.
$7.00