Chapter 7, Problem 15AT

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Answer the following questions based on the Leisure Time Industries invoice on the following page.

All-American Sports can purchase sneakers for $450 per dozen less trade discounts of 14/12 from Ideal Shoes. Fancy Footwear is offering the same sneakers for $435 less trade discounts of 18/6. Which supplier offers a lower net price?

To determine

**To calculate:** The lower net price if list price of All American Sports is

Explanation

**Given Information:**

The list price of All American Sports is

**Formula used:**

Look for the complement of the trade discount rates by subtracting each rate from

Compute the net price factor by multiplying all the decimals together.

The net price computed by multiplying the list price by net price factor.

**Calculation:**

Consider list price of All American Sports is

Compute the net price factor by subtracting trade discount from 100%.

The net price factor is computing by mutinying all number together.

Hence, the net price factor is

Compute the net price by substituting list price is

Sect-7.I P-1TIESect-7.I P-2TIESect-7.I P-1RESect-7.I P-2RESect-7.I P-3RESect-7.I P-4RESect-7.I P-5RESect-7.I P-6RESect-7.I P-7RESect-7.I P-8RE

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