Chapter 7.II, Problem 26RE

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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 Rate |
Net Price |

You are the buyer for the housewares department of the Galleria Department Store.

A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls. Kitchen Magic offers a list price of $400 per dozen less a

a. Which vendor is offering the lower net price?

b. If you order 500 dozen sets of the bowls, how much money will be saved by using the lower-priced vendor?

**(a)**

To determine

The lower net price if Kitchen magic offers microwavable serving bowls at a list price of

Explanation

**Given Information:**

It is given that Kitchen magic offers microwavable serving bowls at a list price of

Consider that the list price of Kitchen magic is

The net price is computed as follows,

Compute the net price of Kitchen magic by substituting list price to

**(b)**

To determine

The money saved by lower-priced vendor if

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