   Chapter 7.II, Problem 25RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### 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 Nutrition Central pays $11.90 net price for a bottle of 60 multivitamins. The price represents a 30% trade discount from the manufacturer. What is the list price of the vitamins? To determine To calculate: The list price of vitamins, if Neutral Central pays a net price of$11.90 for a bottle of 60 multivitamins, also the price shows a trade discount rate of 30% from the manufacturer.

Explanation

Given Information:

It is also given that neutral central pays a net price of $11.90 for a bottle of 60 multivitamins. The price shows a trade discount rate of 30% from the manufacturer. Formula used: The net price is computed by the formula: Net Price=List Price×(100%Trade discount rate) Rewrite the formula to compute the list price List price=Net price(100%Trade discount rate) Calculation: Consider that the net price is$11.90 and trade discount rate is 30%.

Compute the list price by substituting net price to \$11

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