What Is a Discount Series?

For example, a 10/6/4 discount series means that the item is offered for sale first at a 10 percent discount, then 6 percent and then 4 percent. Vendors offer such multiple discounts in an effort to increase sales.

The formula for calculating the components of a discount series is: N = L(1-d₁) (1-d₂) (1-d₃) ... and so on, depending on how many rates of discount are applied, where N is the net price, L is the list price and d are the rates of discount.