Fireside Shop offers chimney caps for 120 dollars less trade discounts of 25/10. The same chimney cap is being offered at Builder's Supply for $111 less than the trade discounts of 25/5. What is the price difference between the two companies?
Please give some hints to this question. I'm not able to understand the phrase
120 dollars less trade discounts of 25/10.
Thank you :->
It seems that you have two consecutive discounts, where the discount rates are $25\%=0.25$ and $10\%=0.1$. After the two discounts the price $P$ reduces to $P\cdot (1-0.25)\cdot (1-0.1)=P\cdot 0.75\cdot 0.9=\frac{27}{40}\cdot P$.
Hint: Rounded to the nearest cent the price difference between the two companies is 1.91 dollars.