Use the complement method to find the net price of 48 glasses that cost $145 if the company offers a 40% trade discount rate? A. $45 B. $65 C. $78 D. $87
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- Sharma Kennels buys some items with a list price of $4,100. The supplier extends a 40% trade discount rate. What is the net price (in $)?CompuFit Outlet buys portable hard-disks for $540 each and has a rate of markup of 52% of the selling price. During a sale, it offers a markdown of 75%. a. Calculate the regular selling price. Round to the nearest cent b. Calculate the reduced selling price. Round to the nearest centRunners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.
- Continental Fertilizer Supply offers a series discount of 10/20/20 on major purchases. If a 58,000-gallon tank (bulk) of liquid fertilizer is list priced at $27,200, what is the net price after trade discounts?# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.
- Equate Inc. sells products with a cost of $25,000 during the year to customer for $55,000. It is Equate’s policy to accept returns up to 60 days after the date of purchase. Equate estimates that there is a 60% probability that returns will be 3% of sales and a 40% probability that returns will be 2.5% of sales. What is the transaction price under a) expected value method b) most likely amount method? Choices: A: $53,460 B: $53,350 A: $53,350 B: $53,460 A: $53,460 B: $54,450 A: $54,450 B: $53,460 A: $53,350 B: $53,350The 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 placesAn electrical supply store bought copper wire with a list price of $24,200. The wholesaler extended a trade discount which made the net price $13206. What is the trade discount rate to the nearest whole percent? the options are: a. 39% b. 45% c. 55% d. 61%
- Which item has a smaller net cost:Item A: 20/20 series discount for a list price of $600Item B: 10/10/5 series discount for a list price of $550 a. Item A b.Both items have the same net cost c.Item B d.Non of the choicesYou place an order for 1,100 units of Good X at a unit price of $48. The supplier offers terms of 3/30, net 40. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don’t take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)The wholesale cost of a desk is $490. The original markup was 67% based on selling price. Find the final sale price after the following series of price changes: a markup of 25%, a markdown of 14%, and a markdown of 35%. (Round each intermediate selling price to the nearest cent.) $342.39 $571.79 $622.52 $1,037.54
