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Introduction:
The term trade discount can be defined as an amount which is reduced by the manufacturer & this discount would reduce the retail price once the goods are sold to the reseller & not to the ultimate customer. The dsicount would be at a particular percentage or it may be a reduction of specific amount from the retail price.
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- Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent. List Price Trade Discount Trade Discount Rate Net Price $4,500.00 $ % $3,545.00The 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 placesYou 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?
- What was the trade discount rate if items sold with a list price of $7,150 were sold at a net price of $5,420? (Round to the nearest whole percent.)Calculate the trade discount and net price (in $) to the nearest cent. LIST PRICE :$289.00 TRADE DISCOUNT RATE: 25%Calculate the net price and single equivalent discount. Round to five decimal places when necessary. Trade Discount Rate = 20/18/15 Net Price Factor = 0.5576 What is the Single Equivalent Discount.
- 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 daysWhat’s the equivalent interest rate to the terms 3/20, n/60? In other words, what is the effective annual rate that is "given" to a customer for this cash discount? (Use 365 days.) HINT: Use the I = P x R x T formula where R = I/PT and choose some value for the gross amount of the invoice (i.e $1,000). Label (%) and round to the nearest whole percent.Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Round effective interest rate to the nearest hundredth of a percent. FaceValue DiscountRate (%) Term(weeks) Interest PurchasePrice EffectiveRate (%) $90,000 4.20 26
- List price is $450.70. The trade discount rate is 31/15/5. What is the single equivalent discount? What is the trade discount? What is the net price? Round the net price factor and single equivalent discount five decimal places, and the trade discount and net price to the nearest cent when neccComplete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price TradeDiscountRate Net PriceFactor SingleEquivalentDiscount TradeDiscount Net Price $9,800.00 15/6/6 __________ __________ $ ______ $ _______Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price: $650.70 Trade Discount Rate: 31/15/5