jump to last post 1-3 of 3 discussions (4 posts)

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

1. 60
SPSBrownposted 4 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. 60
taheruddinposted 4 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. 88
2uesdayposted 4 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. 60
taheruddinposted 4 years ago in reply to this

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

working