(12C Platinum) Successive Discounts
12-22-2018, 05:07 AM (This post was last modified: 12-22-2018 05:16 AM by Gamo.)
Post: #1
 Gamo Senior Member Posts: 711 Joined: Dec 2016
(12C Platinum) Successive Discounts
Successive discount is the discount offered on the discount.
It is similar to compound interest (interest on interest).

A company many offer two trade discount, 20% and 5%.
One customer may be entitled to a 20% discount and another
will get 5%, depending on status (jobber, wholesaler, retailer, etc.), and
a third customer of different status will receive 20% and 5%.

The two discounts cannot be simply added together
(20% + 5% = 25%) is inapplicable.

You have to use the following formula:

X = Price
Y = Discount %
Z = Discount %

Selling Price = X - [Y + Z - (Y*Z / 100)] * X

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Procedure:

Price [R/S]
Discount % [R/S]
Discount % [R/S]

Answer display Total Discount% briefly then Selling Price.

***If you have the third discount.***

RCL 3 [R/S]
RCL 1 [R/S]
Discount % [R/S]

Answer display Total Discount% briefly then Selling Price.

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Example: FIX 2

If original price is $135 and the trade discount are 20% and 15% What is the Selling Price. 135 [R/S] display 135.00 20 [R/S] display 20.00 15 [R/S] display briefly 32.00 then 91.80 Answer: Total Discount Rate is 32% Selling Price is$91.80
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The successive discount on a product in a store is giving as
5%, 10% and 15%. The store price of the product is $1000. Then calculate overall discount and selling price of the product. 1000 [R/S] display 1000.00 5 [R/S] display 5.00 10 [R/S] display briefly 14.50 then 855.00 Answer for Total Discount % of the first two discount is 14.5% and Selling Price is$855.00

RCL 3 [R/S] display 1000.00
RCL 1 [R/S] display 14.50
15 [R/S] display briefly 27.33 then 726.75

All Total of Three discount % is 27.33%
Selling price is \$726.75

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Program: ALG mode
Code:
 STO 3  R/S STO 1  R/S STO 2 (RCL1 + RCL2) - (RCL1 x RCL2 ÷ EEX2) = STO1 PSE PSE RCL3 - (RCL3 x RCL1 %) =

Program: RPN
Code:
 STO3 R/S STO1 R/S STO2 RCL1 RCL2 + RCL1 RCL2 x EEX 2 ÷ - STO1 PSE RCL3 RCL3 RCL1 % -

Gamo
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 Messages In This Thread (12C Platinum) Successive Discounts - Gamo - 12-22-2018 05:07 AM RE: (12C Platinum) Successive Discounts - Dieter - 12-22-2018, 09:07 AM RE: (12C Platinum) Successive Discounts - Werner - 12-23-2018, 09:11 AM RE: (12C Platinum) Successive Discounts - Dieter - 12-23-2018, 09:33 AM RE: (12C Platinum) Successive Discounts - Gamo - 12-23-2018, 03:05 PM RE: (12C Platinum) Successive Discounts - SlideRule - 12-23-2018, 03:13 PM RE: (12C Platinum) Successive Discounts - Dieter - 12-23-2018, 06:16 PM RE: (12C Platinum) Successive Discounts - SlideRule - 12-23-2018, 07:45 PM RE: (12C Platinum) Successive Discounts - Gamo - 12-24-2018, 06:32 AM RE: (12C Platinum) Successive Discounts - Thomas Klemm - 12-24-2018, 11:25 AM RE: (12C Platinum) Successive Discounts - Albert Chan - 12-24-2018, 12:52 PM

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