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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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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

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 determine

To calculate: The total list price of the order if Midtown Market received the items at a discount of 25/20/10 unit price of canned peaches is $26.80 per case, number of canned peaches is 18, unit price of canned pears is $22.50 and number of canned pears is 45.

Explanation

Given Information:

It is given that Midtown Market received the items at a discount of 25/20/10 unit price of canned peaches is $26.80 per case, number of canned peaches is 18, unit price of canned pears is $22.50 and number of canned pears is 45.

Calculation:

Consider that the unit price of canned peaches is $26.80 per case, number of canned peaches is 18, unit price of canned pears is $22.50 and number of canned pears is 45.

Compute the list price of canned peaches by taking unit price of canned peaches as $26.80 per case and number of canned peaches as 18.

Canned Peaches=18×$26

(b)

To determine

To calculate: The trade discount if Midtown Market received the items at a discount of 25/20/10, list price is $1,494.90 and trade discount rate is 25%, 20 and 10%.

(c)

To determine

To calculate: The net price of order if Midtown Market received the items at a discount of 25/20/10, list price is $1,494.90 and net price factor is 0.54.

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