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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

The _____ price is the amount a business actually pays for merchandise after the discount has been deducted. (7-4)

To determine

To fill: The blanks provided for the statement, ‘The _____ price is the amount a business actually pays for merchandise after the discount has been deducted’

Explanation

The net price is the amount of the item that is actually paid after deducting all the discounts. It is computed by deducting the amount of trade discount from the list price. It is the amount on which the item is sold to the users.

For example, the list price is $4,500 and the amount of trade discount is $935.00

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