(Solved):A retail store has a preferred customer plan where customers earn discounts on all their purchases. The amount of a customer’s discount is determined by the amount of the customer’s cumulative purc… View Answer…

 

Question

A retail store has a preferred customer plan where customers earn discounts on all their purchases. The amount of a customer’s discount is determined by the amount of the customer’s cumulative purchases in the store, as follows:

When a preferred customer spends $500, they get a 5% discount on all future purchases.

When a preferred customer spends $1,000, they get a 6% discount on all future purchases.

When a preferred customer spends $1,5000,

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