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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

Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent.

List Price Trade Discount Trade Discount Kate Net Price

Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked beans with a list price of $33.50 per case. The wholesaler offered Whole Foods a 39% trade discount.

a. What is the total extended list price of the order?

b. What is the total amount of the trade discount on this order?

c. What is the total net amount Whole Foods owes the wholesaler for the order?

(a)

To determine

To calculate: The extended list price of the order if Whole Foods Market ordered 12 cases of organic vegetable soup with a unit price of $18.90, ordered 8 cases of baked bean with a unit price of $33.50, also there is 39% discount on whole foods.

Explanation

Given Information:

It is given that Whole Foods Market ordered 12 cases of organic vegetable soup with a unit price of $18.90, ordered 8 cases of baked bean with a unit price of $33.50. The trade discount on whole food is 39%.

Formula used:

Extended total=Number of items×unit price

Calculation:

Consider that the unit price of organic soup is $18.90, number of item is 12, unit price of organic baked bean is $33.50 and number of item is 8.

The extended total for organic soup is,

Extended total=Number of items×unit price =12×$18

(b)

To determine

To calculate: The trade discount if Whole Foods Market ordered 12 cases of organic vegetable soup with a unit price of $18.90, ordered 8 cases of baked bean with a unit price of $33.50, also there is 39% discount on whole foods.

(c)

To determine

To calculate: The net price if Whole Foods Market ordered 12 cases of organic vegetable soup with a unit price of $18.90, ordered 8 cases of baked bean with a unit price of $33.50, also there is 39% discount on whole foods.

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