Answer:
market price = $358.723301
Step-by-step explanation:
given data
discounts p = 18 %
discounts q = 15.5 %
discounts r = 4%
sold = $238.617
to find out
market price
solution
we know that discount of x% is given on market price
then selling parice discount will be
selling price = [tex]\frac{100 - x}{100}[/tex] × market price
here 3 discount are given
then selling price will be
selling price = ([tex]\frac{100 - p}{100}[/tex]) ( [tex]\frac{100 - q}{100}[/tex] ) ( [tex]\frac{100 - r}{100}[/tex] ) × market price
238.617 = ([tex]\frac{100 - 18}{100}[/tex]) ( [tex]\frac{100 - 15.5}{100}[/tex] ) ( [tex]\frac{100 - 4}{100}[/tex] ) × market price
market price = $358.723301