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 calculate: The net price factor if Audio Giant received an order of Sirius XM satellite radios at a list price of
Given Information:
It is given that Audio Giant received an order of Sirius XM satellite radios at a list price of
Formula used:
Look for the complement of the trade discount rates by subtracting each rate from
Compute the net price factor by multiplying all the decimals together.
Calculation:
Consider that the trade discount rates are
Compute complements of the trade discount rates in series by subtracting them from 100% as,
(b)
To calculate: The single equivalent discount if Audio Giant received an order of Sirius XM satellite radios at a list price of
(c)
To calculate: The amount of the trade discount if Audio Giant received an order of Sirius XM satellite radios at a list price of
(d)
To calculate: The net price if Audio Giant received an order of Sirius XM satellite radios at a list price of
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