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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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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

The Speedy Auto Service Center can buy auto parts from Southeast Auto Supply at a series discount of 20/15/5 and from Northwest Auto Supply for 25/10/8.

a. Which auto parts supplier offers a better discount to Speedy?

b. If Speedy orders $15,000 in parts at list price per month, how much will it save in a year by choosing the lower-priced supplier?

(a)

To determine

The auto parts supplier offers the better discount to speedy, if Speedy Auto Center can buy auto parts from Southeast Auto Supply at a series of trade discount as 20/15/5, and from Northwest Auto supply at the series of trade discount as 25/10/8.

Explanation

Given Information:

It is given that the speedy Auto Center can buy auto parts from Southeast Auto Supply at a series of trade discount as 20/15/5, and the series of trade discount rate offered by N.W. Auto supply as 25/10/8.

Consider that series of trade discount rate offered by Speedy Auto Center are 20%, 15%, 5% and the series of trade discount rate offered by Northwest Auto supply are 25%, 10 and 8%.

Compute the complement of the trade discount rates in series bought from Speedy Auto Center by subtracting them from 100% as,

100%20%=80% =0.80

100%15%=85% =0.85

100%5%=95% =0.95

Compute the net factor of Speedy Auto Center by multiplying all the decimals together.

Net price factor=0

(b)

To determine

To calculate: The savings in a year by choosing the lower priced supplier if Speedy order $15,000 in parts at list price per month.

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