   Chapter 7.III, Problem 22RE ### 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

# 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 Audio Giant received an order of Sirius XM satellite radios listing for $9,500 with trade discounts of 25/13/8.a. What is the net price factor?b. What is the single equivalent discount?c. What is the amount of the trade discount?d. What is the net price of the order? (a) To determine To calculate: The net price factor if Audio Giant received an order of Sirius XM satellite radios at a list price of$9500 less trade discount of 25/13/8.

Explanation

Given Information:

It is given that Audio Giant received an order of Sirius XM satellite radios at a list price of $9500 less trade discount of 25/13/8. Formula used: Look for the complement of the trade discount rates by subtracting each rate from 100% and converting them to decimal dorm. Compute the net price factor by multiplying all the decimals together. Calculation: Consider that the trade discount rates are 25%, 13% and 8%. Compute complements of the trade discount rates in series by subtracting them from 100% as,  100%−25%=75% =0 (b) To determine To calculate: The single equivalent discount if Audio Giant received an order of Sirius XM satellite radios at a list price of$9500 less trade discount of 25/13/8 and the net price factor is 0.6003.

(c)

To determine

To calculate: The amount of the trade discount if Audio Giant received an order of Sirius XM satellite radios at a list price of $9500 less trade discount of 25/13/8 and single equivalent discount is 0.3997. (d) To determine To calculate: The net price if Audio Giant received an order of Sirius XM satellite radios at a list price of$9500 less trade discount of 25/13/8 and net price factor is 0.6003.

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