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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 Rate Net Price

Nathan and David Beauty Salon places an order for beauty supplies from a wholesaler. The list price of the order is $2,800. If the vendor offers a trade discount of 469%, what is the net price of the order?

To determine

To calculate: The net price if Nathan and David Beauty Sales places an order for beauty supplies from a wholesaler with a list price of $2,800 and vendor offers a trade discount rate of 46%.

Explanation

Given Information:

It is given that Nathan and David Beauty Sales places an order for beauty supplies from a wholesaler with a list price of $2,800 and vendor offers a trade discount rate of 46%.

Formula used:

Net price is computed as follows:

Net Price=List price×(100%Trade discount rate)

Calculation:

Consider the list price is $2,800 and trade discount rate is 46%

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