Complete the following table. Round net price factors to five decimal places when necessary.
Trade | Single | |||
Discount | Net Price | Equivalent | Trade | |
List Price | Rates | Factor | Discount | Discount Net Price |
16. | 883.50 | 18/12/9 | _____________ | ___________ | __________ | _____________ |
To calculate: The net price factor, single equivalent discount, trade discount and net price if list price is
Given Information:
The list price is
Formula used:
Compute the net price factor by subtracting each rate from
The formula for the single equivalent discount is computed by subtracting the net price factor from
The trade discount is computed by multiplying list price with single equivalent discount.
The net price is computed by multiplying the list price by net price factor.
Calculation:
Consider that the list price is
Compute the complements of the trade discount rates in series by subtracting them from
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