Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals List Chain discount Item price $204 Samsung Blu-ray player 8/5/3 Trade discount Net price 2$ 24

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter7: Inventory Cost Flow Assumptions (fifolifo)
Section: Chapter Questions
Problem 5R: What changes would have taken place if Dels purchase prices had fallen rather than risen? To find...
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Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar
amounts to the nearest cent.)
Net price
equivalent rate
(in decimals)
Single equivalent
discount rate (in
decimals)
List
Chain
discount
Item
price
Samsung Blu-ray player
Trade discount
Net price
$204
8/5/3
2$
2$
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Transcribed Image Text:docx D YouTube ducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Fperustatecollege.blackboard.com%252Fwebapps%252Fpc ework Saved Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) List Chain discount Item price Samsung Blu-ray player Trade discount Net price $204 8/5/3 2$ 2$ 1 of 10 Next > Prev 出
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solution

the given chain discount of 8/5/3 means that the discount is in a series of 8% , then 5% and then 3%

 

list price               =284

chain discount   =8/5/3

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