BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

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.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-7.I P-9RESect-7.I P-10RESect-7.I P-11RESect-7.I P-12RESect-7.I P-13RESect-7.I P-14RESect-7.I P-15RESect-7.I P-16RESect-7.I P-17RESect-7.I P-18RESect-7.I P-19RESect-7.I P-20RESect-7.I P-21RESect-7.I P-22RESect-7.II P-3TIESect-7.II P-4TIESect-7.II P-5TIESect-7.II P-1RESect-7.II P-2RESect-7.II P-3RESect-7.II P-4RESect-7.II P-5RESect-7.II P-6RESect-7.II P-7RESect-7.II P-8RESect-7.II P-9RESect-7.II P-10RESect-7.II P-11RESect-7.II P-12RESect-7.II P-13RESect-7.II P-14RESect-7.II P-15RESect-7.II P-16RESect-7.II P-17RESect-7.II P-18RESect-7.II P-19RESect-7.II P-20RESect-7.II P-21RESect-7.II P-22RESect-7.II P-23RESect-7.II P-24RESect-7.II P-25RESect-7.II P-26RESect-7.III P-6TIESect-7.III P-7TIESect-7.III P-8TIESect-7.III P-1RESect-7.III P-2RESect-7.III P-3RESect-7.III P-4RESect-7.III P-5RESect-7.III P-6RESect-7.III P-7RESect-7.III P-8RESect-7.III P-9RESect-7.III P-10RESect-7.III P-11RESect-7.III P-12RESect-7.III P-13RESect-7.III P-14RESect-7.III P-15RESect-7.III P-16RESect-7.III P-17RESect-7.III P-18RESect-7.III P-19RESect-7.III P-20RESect-7.III P-21RESect-7.III P-22RESect-7.III P-23RESect-7.III P-24RESect-7.III P-25RESect-7.III P-26RESect-7.III P-27RESect-7.IV P-9TIESect-7.IV P-10TIESect-7.IV P-11TIESect-7.IV P-12TIESect-7.IV P-13TIESect-7.IV P-14TIESect-7.IV P-15TIESect-7.IV P-1RESect-7.IV P-2RESect-7.IV P-3RESect-7.IV P-4RESect-7.IV P-5RESect-7.IV P-6RESect-7.IV P-7RESect-7.IV P-8RESect-7.IV P-9RESect-7.IV P-10RESect-7.IV P-11RESect-7.IV P-12RESect-7.IV P-13RESect-7.IV P-14RESect-7.IV P-15RESect-7.IV P-16RESect-7.IV P-17RESect-7.IV P-18RESect-7.IV P-19RESect-7.IV P-20RESect-7.IV P-21RESect-7.IV P-22RESect-7.IV P-23RESect-7.IV P-24RESect-7.IV P-25RESect-7.IV P-26RECh-7 P-1CRCh-7 P-2CRCh-7 P-3CRCh-7 P-4CRCh-7 P-5CRCh-7 P-6CRCh-7 P-7CRCh-7 P-8CRCh-7 P-9CRCh-7 P-10CRCh-7 P-11CRCh-7 P-12CRCh-7 P-13CRCh-7 P-14CRCh-7 P-1ATCh-7 P-2ATCh-7 P-3ATCh-7 P-4ATCh-7 P-5ATCh-7 P-6ATCh-7 P-7ATCh-7 P-8ATCh-7 P-9ATCh-7 P-10ATCh-7 P-11ATCh-7 P-12ATCh-7 P-13ATCh-7 P-14ATCh-7 P-15ATCh-7 P-16ATCh-7 P-17ATCh-7 P-18ATCh-7 P-19ATCh-7 P-20ATCh-7 P-21AT

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Subtract: (+5)(7)

Elementary Technical Mathematics

In Exercises 79-84, determine whether the statement is true or false for all real numbers a and b. 84. |a b| =...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

True or False: A straight (simple) substitution may be used to evaluate 2+lnxxdx.

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

The tangential component of acceleration for at t = 0 is: 0

Study Guide for Stewart's Multivariable Calculus, 8th

What is the goal of a hypothesis test?

Research Methods for the Behavioral Sciences (MindTap Course List)