Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

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What is the discount for merchandise selling for $3,000 less trade discounts of 20/10/15?

  1. A. $4,164

  2. B. $1,836

  3. C. $1,164

  4. D. $1,350

The correct answer is: C. $1,164

To determine the discount on merchandise selling for $3,000 with trade discounts of 20%, 10%, and 15%, we must apply each discount sequentially. 1. Start with the original price of $3,000. 2. Apply the first discount of 20%: - 20% of $3,000 is calculated as $3,000 × 0.20 = $600. - Subtract this amount from the original price: $3,000 - $600 = $2,400. 3. Next, apply the second discount of 10% to the new amount of $2,400: - 10% of $2,400 is $2,400 × 0.10 = $240. - Subtract this from $2,400: $2,400 - $240 = $2,160. 4. Now, apply the final discount of 15% on the reduced price of $2,160: - 15% of $2,160 is $2,160 × 0.15 = $324. - Subtract this from $2,160: $2,160 - $324 = $1,836. The total

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