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 |
Midtown Market received the following items at a discount of 25/20/10: 18 cases of canned peaches listing at $26.80 per case and 45 cases of canned pears listing at $22.50 per case.
a. What is the total list price of this order?
b. What is the amount of the trade discount?
c. What is the net price of the order?
(a)
To calculate: The total list price of the order if Midtown Market received the items at a discount of
Given Information:
It is given that Midtown Market received the items at a discount of
Calculation:
Consider that the unit price of canned peaches is
Compute the list price of canned peaches by taking unit price of canned peaches as
(b)
To calculate: The trade discount if Midtown Market received the items at a discount of
(c)
To calculate: The net price of order if Midtown Market received the items at a discount of
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