Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Step 1
to calculate the net price equivalent rate subtract each discount from 100% and multiply them in decimal form
the discounts are
subtracting from 100 will give
in decimal form
to get the net price equivalent rate, multiply them in decimal form
therefore the net equivalent rate is 0.92169 or 92.169%
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