Chapter 7.II, Problem 20RE

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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

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

Explanation

**Given Information:**

It is given that Whole Foods Market ordered

**Formula used:**

**Calculation:**

Consider that the unit price of organic soup is

The extended total for organic soup is,

**(b)**

To determine

**To calculate:** The trade discount if Whole Foods Market ordered

**(c)**

To determine

**To calculate:** The net price if Whole Foods Market ordered

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

Sect-7.I P-9RESect-7.I P-10RESect-7.I P-11RESect-7.I P-12RESect-7.I P-13RESect-7.I P-14RESect-7.I P-15RESect-7.I P-16RESect-7.I P-17RESect-7.I P-18RESect-7.I P-19RESect-7.I P-20RESect-7.I P-21RESect-7.I P-22RESect-7.II P-3TIESect-7.II P-4TIESect-7.II P-5TIESect-7.II P-1RESect-7.II P-2RESect-7.II P-3RESect-7.II P-4RESect-7.II P-5RESect-7.II P-6RESect-7.II P-7RESect-7.II P-8RESect-7.II P-9RESect-7.II P-10RESect-7.II P-11RESect-7.II P-12RESect-7.II P-13RESect-7.II P-14RESect-7.II P-15RESect-7.II P-16RESect-7.II P-17RESect-7.II P-18RESect-7.II P-19RESect-7.II P-20RESect-7.II P-21RESect-7.II P-22RESect-7.II P-23RESect-7.II P-24RESect-7.II P-25RESect-7.II P-26RESect-7.III P-6TIESect-7.III P-7TIESect-7.III P-8TIESect-7.III P-1RESect-7.III P-2RESect-7.III P-3RESect-7.III P-4RESect-7.III P-5RESect-7.III P-6RESect-7.III P-7RESect-7.III P-8RESect-7.III P-9RESect-7.III P-10RESect-7.III P-11RESect-7.III P-12RESect-7.III P-13RESect-7.III P-14RESect-7.III P-15RESect-7.III P-16RESect-7.III P-17RESect-7.III P-18RESect-7.III P-19RESect-7.III P-20RESect-7.III P-21RESect-7.III P-22RESect-7.III P-23RESect-7.III P-24RESect-7.III P-25RESect-7.III P-26RESect-7.III P-27RESect-7.IV P-9TIESect-7.IV P-10TIESect-7.IV P-11TIESect-7.IV P-12TIESect-7.IV P-13TIESect-7.IV P-14TIESect-7.IV P-15TIESect-7.IV P-1RESect-7.IV P-2RESect-7.IV P-3RESect-7.IV P-4RESect-7.IV P-5RESect-7.IV P-6RESect-7.IV P-7RESect-7.IV P-8RESect-7.IV P-9RESect-7.IV P-10RESect-7.IV P-11RESect-7.IV P-12RESect-7.IV P-13RESect-7.IV P-14RESect-7.IV P-15RESect-7.IV P-16RESect-7.IV P-17RESect-7.IV P-18RESect-7.IV P-19RESect-7.IV P-20RESect-7.IV P-21RESect-7.IV P-22RESect-7.IV P-23RESect-7.IV P-24RESect-7.IV P-25RESect-7.IV P-26RECh-7 P-1CRCh-7 P-2CRCh-7 P-3CRCh-7 P-4CRCh-7 P-5CRCh-7 P-6CRCh-7 P-7CRCh-7 P-8CRCh-7 P-9CRCh-7 P-10CRCh-7 P-11CRCh-7 P-12CRCh-7 P-13CRCh-7 P-14CRCh-7 P-1ATCh-7 P-2ATCh-7 P-3ATCh-7 P-4ATCh-7 P-5ATCh-7 P-6ATCh-7 P-7ATCh-7 P-8ATCh-7 P-9ATCh-7 P-10ATCh-7 P-11ATCh-7 P-12ATCh-7 P-13ATCh-7 P-14ATCh-7 P-15ATCh-7 P-16ATCh-7 P-17ATCh-7 P-18ATCh-7 P-19ATCh-7 P-20ATCh-7 P-21AT

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