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Answer

↓Steps Explained:↓

Calculate the net cost price for

A good priced at $5,000.00

Use a chain discount of 22/10%

Method 1: Equivalent Discount

Step 1: (100% - 22%) * (100% - 10%)

Step 2: 0.78 * 0.9 = 0.702

Step 3: 100% - 70.2% = 29.8%

Step 4: Discount = $5,000.00 * 0.298 = $1,490.00

Step 5: Net Cost Price = $5,000.00 - $1,490.00 = $3,510.00

Alternative Method Price

Price * Discount Percent 1 = ($5,000.00 * 0.22 = $1,100.00)

Price - Discount 1 = ($5,000.00 - $1,100.00 = $3,900.00)

Alternative Method Discounted price

Discounted price * Discount Percent 2 = ($3,900.00 * 0.1 = $390.00)

Discounted price - Discount 2 = ($3,900.00 - $390.00 = $3,510.00)

Net Cost Price

Net Cost Price = $5,000.00 - $1,490.00