Calculate the trade discount and net price (in $) to the nearest cent. LIST PRICE :$289.00 TRADE DISCOUNT RATE: 25%
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Net price:
While making a deals, generally the net prices are considered as dues by the dealer. The net price is arrived at after deducting the discounts from list price.
Net Price = List Price - Trade Discount
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- The net price of an item after trade discounts of 34.00%, 13.00%, and 3.50% is $3,520.00. a. Calculate the regular selling price of the goods. $0.00 Round to the nearest cent b. Calculate the equivalent discount rate of the series of discount rates. 0.00 % Round to two decimal placesCalculate the single equivalent discount and amount of trade discount on merchandise listing for P20,000, less trade discounts of 30%, 10%, and 5%. Round to the nearest centavoAn invoice shows a net price of $176.72 after trade discounts of 30%, 10%, and 2% have been deducted.a. What was the list price of the goods? (Round your answer to the nearest cent.)Price = $ 286.23b. What single rate of trade discount would be equivalent to the discount series? (Round your answer to two decimal places.)Single rate = %
- You buy goods at a list price of $1,100. If you receive a trade discount of 30% and terms are “2/15, n/45,” what amount must you pay if you pay within the discount period?Find the net price if a purchase with a list price of $450 has a series trade discount of 20/10/5A wholesaler gives trade discounts 30%, 11% and 3% to his regular customers.a) Find the single discount equivalent to the given trade discounts.b) If the list price of an item is RM320, find the net price.
- The amount of discount to be recorded if the invoice is paid within the discount period on a purchase of goods having a list price of $1,600, subject to a trade discount of 25 percent with terms 2/10, n/30, is a.$24. b.$30. c.$29.40. d.$21. e.$450.PLEASE SHOW ALL WORK You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?If the annualized cost of the trade credit discount is 7.37%, what is the net trade credit period? Assume a discount percentage of 1% for payments received on or before 20 days. Select one: a. 20 days b. 30 days c. 50 days d. 70 days
- Calculate the net price factor and single equivalent discount. For convenience, round your answers to five decimal places when necessary. Trade Discount Rate: 20/15/14 Net Price Factor:? Single Equivalent Discount:?Calculate APR by table lookup: (Round your answers to the nearest cent.) PurchasePrice DownPayment Number ofmonthly payments Amountfinanced Total Payment $5950 $150 40 $5800 $6900 APR 5.7 % - %If merchandise is sold on account to a customer for 1000 terms FOB shipping point, 1/10, n/30 and the seller prepays $50 in transportation costs, the amount of the discount for early payment would be: