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How to figure discount that is based on 1/10th of a penny.

  1. profile image60
    SPSBrownposted 5 years ago

    Need assistance or suggestion as to how to figure discount that is based on 1/10th of a penny.

    The discount is 1/10th of a penny. So how do I come about finding out
    what that discount is for $390,936.47? Do I multiple $390,936.47 by .001
    to obtain the discount? Or is there are different number other than
    .001 that I should be using. I was provided with the amount as $867.12
    as the discount for 1/10th of a penny of $390,936.47. Not sure how
    they came up with $867.12. Can anyone assist with this?

  2. taheruddin profile image60
    taheruddinposted 5 years ago

    Your problem is not clear to me. But I think you should multiply with 0.1 to get the discount value in $. I think your result ($390,936.47) is not in $, it is in penny

  3. 2uesday profile image87
    2uesdayposted 5 years ago

    If you are dealing with a maths problem that has $'s and fractions of a penny and you need to check the sum. You will need to convert the amounts to one currency. Or have you called the smaller amount a penny when you mean a cent?


    The only way I can think of working it out is  - if you are talking about USA dollars and UK sterling metric currency - find the current exchange rate convert one amount to the currency then work it out from there.

    Here is a currency converter - the rates will change day to day.

    http://themoneyconverter.com/USD/GBP.aspx

    1. taheruddin profile image60
      taheruddinposted 5 years ago in reply to this

      1/10th is just a trick to confuse, nothing more. The meaning is 10% discount.

 
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