Your firm sells home appliances at retail. When ordering washingmachines from the manufacturer, you notice the following terms listed inthe catalog:♦ List price, $400♦ Trade discounts of 25/15/5 If you take advantage of all trade discounts, find the net price you will payfor the washing machine.
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Your firm sells home appliances at retail. When ordering washing
machines from the manufacturer, you notice the following terms listed in
the catalog:
♦ List price, $400
♦ Trade discounts of 25/15/5
If you take advantage of all trade discounts, find the net price you will pay
for the washing machine.
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- Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?Suppose you are the purchasing manager for a company that manufactures scanners and other computer peripherals. Your vendor for scanner motors is now offering "quantity discounts" in the form of instant rebates and lower shipping charges as follows. Quantity Net Price Rebate Shipping 1–500 motors $16 none $1.50 501–1,000 motors 16 $1.30 1.10 1,001–2,000 motors 16 1.90 0.80 (a) Calculate the cost of the motors, including shipping charges, for each category (in $). 1–500 motors$ 501–1,000 motors$ 1,001–2,000 motors$ (b) If you usually purchase 400 motors per month, what percent would be saved per motor by ordering 800 every two months? Round to the nearest tenth of a percent. % (c) What percent would be saved per motor by ordering 1,200 every three months? Round to the nearest tenth of a percent. % (d) How much money (in $) can be saved in a year by purchasing the motors every three months instead of every month? $ (e) What other factors besides price…Runway Discount (“Runway” or the “Company”) is a privately held online retailer that sells discounted high-end fashion. In an effort to increase its sales and customer base, Runway implemented a customer referral marketing campaign (the “Refer-a-Friend Program”) whereby existing customers can refer friends to Runway and receive a $25 credit towards the purchase of future merchandise. The terms of the program are as follows: Runway offers existing customers (the “Existing Customer”) a $25 credit (the “$25 Referral Credit”) if the Existing Customer refers a friend (the “New Customer”) to Runway’s Web site and the New Customer purchases merchandise from Runway. After a purchase is made by the New Customer, the Existing Customer receives a$25 credit to be applied to a future purchase from Runway. The $25 Referral Credit represents the fair value of the cost Runway would pay to acquire a new customer from an unrelated third party or marketing firm who is not a purchaser of its products.…
- Runway Discount ("Runway" or the "Company") is a privately held online retailer that sells discounted high-end fashion. In an effort to increase its sales and customer base, Runway implemented a customer referral marketing campaign (the "Refer-a-Friend Program") whereby existing customers can refer friends to Runway and receive a $25 credit towards the purchase of future merchandise. The terms of the program are as follows: Runway offers existing customers (the "Existing Customer") a $25 credit (the "$25 Referral Credit") if the Existing Customer refers a friend (the "New Customer") to Runway's Web site and the New Customer purchases merchandise from Runway. After a purchase is made by the New Customer, the Existing Customer receives a$25 credit to be applied to a future purchase from Runway. The $25 Referral Credit represents the fair value of the cost Runway would pay to acquire a new customer from an unrelated third party or marketing firm who is not a purchaser of its products.…A household appliance dealer buys refrigerators from a manufacturer and resells them to its customers. a.The manufacturer sets a list or catalogue price of $2,500 for a refrigerator. The manufacturer offers its dealers a 30 percent trade discount. b.The manufacturer sells the machine under terms of FOB destination. The cost of shipping is $240. c.The manufacturer offers a sales discount of 2/10, n/30. Sales discounts do not apply to shipping costs. What is the net cost of the refrigerator to the dealer, assuming it is paid for within 10 days of purchase?A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/15/5, find the trade discount (in $). (Find the single equivalent discount first.)
- 1. Miracle Appliance is a wholesaler of kitchen appliances. You are the purchaser for a home store retailer. Miracle Appliance offers the KIT532 model refrigerator at a list price of $657. Miracle offers your company a trade discount of 25 percent. a. What is the amount of the discount for this refrigerator? b. What net price will you pay for this model refrigerator?A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 35/30/5, find the net price using the net price factor, complement method.Your local florist shop purchases an order of imported tulips with a list price of $1,975 less trade discounts of 25/15/10.(a) What is the amount of the trade discount?(b) What is the net amount of the order?
- A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of 30/21/10 3/4, find the trade discount amount to the nearest penny.shoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 20% off and then on the clearance rack for an additional 25% off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express thestore's profits on these shoes as a percentage of the original cosThis question is for business math using the single trade discount and net price. Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount. Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.