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)
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
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
Consider that series of trade discount rate offered by Speedy Auto Center are
Compute the complement of the trade discount rates in series bought from Speedy Auto Center by subtracting them from 100% as,
Compute the net factor of Speedy Auto Center by multiplying all the decimals together.
(b)
To calculate: The savings in a year by choosing the lower priced supplier if Speedy order
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