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

Shopper’s Mart purchased the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total.

Quantity Unit Merchandise Unit List TradeDiscounts ExtendedTotal

150 ea. Blenders $59.95 20/15/15

400 ea. Toasters $39.88 20/10/10

18 doz. Coffee Mills $244.30 30/9/7

12 doz. Juicers $460.00 25/10/5

Invoice subtotal

Extra 5 1 2 % volume discount on total order

Invoice total

To determine

To calculate: The extended total, invoice subtotal and invoice total if Shopper’s Mart purchased the following items:

Contemporary Mathematics for Business & Consumers, Chapter 7.III, Problem 26RE

Explanation

Given Information:

Shopper’s Mart purchased the following items:

Calculation:

Consider the given chart.

Compute complements of the trade discount rates for Blenders Merchandise in series by subtracting them from 100%.

100%−20%=80% =0.80

100%−15%=85% =0.85

100%−15%=85% =0.85

Compute the net price factor by multiplying all the decimals together.

Net price factor=0.80×0.85×0.95 =0.578

Hence, the net price factor is 0.578.

The extended total amount for the blenders is,

150×59.95×0.578=5197.67

Compute complements of the trade discount rates for Toasters Merchandise in series by subtracting them from 100%.

100%−20%=80% =0.80

100%−10%=0% =0.90

100%−10%=0% =0.90

Compute the net price factor by multiplying all the decimals together.

Net price factor=0.80×0.90×0.90 =0.648

Hence, the net price factor is 0.648.

The extended total amount for the Toasters Merchandise is,

400×39.88×0.648=10336.90.

Compute complements of the trade discount rates for coffee mills Merchandise in series by subtracting them from 100%.

100%−30%=70% =0.70

100%−9%=91% =0.91

100%−7%=93% =0.93

Compute the net price factor by multiplying all the decimals together.

Net price factor=0.70×0.91×0.93 =0.59241

Hence, the net price factor is 0.59241.

The extended total amount for the coffee mills Merchandise is,

18×244.30×0.59241=2605

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Sect-7.I P-1TIE Sect-7.I P-2TIE Sect-7.I P-1RE Sect-7.I P-2RE Sect-7.I P-3RE Sect-7.I P-4RE Sect-7.I P-5RE Sect-7.I P-6RE Sect-7.I P-7RE Sect-7.I P-8RE

Sect-7.I P-9RE Sect-7.I P-10RE Sect-7.I P-11RE Sect-7.I P-12RE Sect-7.I P-13RE Sect-7.I P-14RE Sect-7.I P-15RE Sect-7.I P-16RE Sect-7.I P-17RE Sect-7.I P-18RE Sect-7.I P-19RE Sect-7.I P-20RE Sect-7.I P-21RE Sect-7.I P-22RE Sect-7.II P-3TIE Sect-7.II P-4TIE Sect-7.II P-5TIE Sect-7.II P-1RE Sect-7.II P-2RE Sect-7.II P-3RE Sect-7.II P-4RE Sect-7.II P-5RE Sect-7.II P-6RE Sect-7.II P-7RE Sect-7.II P-8RE Sect-7.II P-9RE Sect-7.II P-10RE Sect-7.II P-11RE Sect-7.II P-12RE Sect-7.II P-13RE Sect-7.II P-14RE Sect-7.II P-15RE Sect-7.II P-16RE Sect-7.II P-17RE Sect-7.II P-18RE Sect-7.II P-19RE Sect-7.II P-20RE Sect-7.II P-21RE Sect-7.II P-22RE Sect-7.II P-23RE Sect-7.II P-24RE Sect-7.II P-25RE Sect-7.II P-26RE Sect-7.III P-6TIE Sect-7.III P-7TIE Sect-7.III P-8TIE Sect-7.III P-1RE Sect-7.III P-2RE Sect-7.III P-3RE Sect-7.III P-4RE Sect-7.III P-5RE Sect-7.III P-6RE Sect-7.III P-7RE Sect-7.III P-8RE Sect-7.III P-9RE Sect-7.III P-10RE Sect-7.III P-11RE Sect-7.III P-12RE Sect-7.III P-13RE Sect-7.III P-14RE Sect-7.III P-15RE Sect-7.III P-16RE Sect-7.III P-17RE Sect-7.III P-18RE Sect-7.III P-19RE Sect-7.III P-20RE Sect-7.III P-21RE Sect-7.III P-22RE Sect-7.III P-23RE Sect-7.III P-24RE Sect-7.III P-25RE Sect-7.III P-26RE Sect-7.III P-27RE Sect-7.IV P-9TIE Sect-7.IV P-10TIE Sect-7.IV P-11TIE Sect-7.IV P-12TIE Sect-7.IV P-13TIE Sect-7.IV P-14TIE Sect-7.IV P-15TIE Sect-7.IV P-1RE Sect-7.IV P-2RE Sect-7.IV P-3RE Sect-7.IV P-4RE Sect-7.IV P-5RE Sect-7.IV P-6RE Sect-7.IV P-7RE Sect-7.IV P-8RE Sect-7.IV P-9RE Sect-7.IV P-10RE Sect-7.IV P-11RE Sect-7.IV P-12RE Sect-7.IV P-13RE Sect-7.IV P-14RE Sect-7.IV P-15RE Sect-7.IV P-16RE Sect-7.IV P-17RE Sect-7.IV P-18RE Sect-7.IV P-19RE Sect-7.IV P-20RE Sect-7.IV P-21RE Sect-7.IV P-22RE Sect-7.IV P-23RE Sect-7.IV P-24RE Sect-7.IV P-25RE Sect-7.IV P-26RE Ch-7 P-1CR Ch-7 P-2CR Ch-7 P-3CR Ch-7 P-4CR Ch-7 P-5CR Ch-7 P-6CR Ch-7 P-7CR Ch-7 P-8CR Ch-7 P-9CR Ch-7 P-10CR Ch-7 P-11CR Ch-7 P-12CR Ch-7 P-13CR Ch-7 P-14CR Ch-7 P-1AT Ch-7 P-2AT Ch-7 P-3AT Ch-7 P-4AT Ch-7 P-5AT Ch-7 P-6AT Ch-7 P-7AT Ch-7 P-8AT Ch-7 P-9AT Ch-7 P-10AT Ch-7 P-11AT Ch-7 P-12AT Ch-7 P-13AT Ch-7 P-14AT Ch-7 P-15AT Ch-7 P-16AT Ch-7 P-17AT Ch-7 P-18AT Ch-7 P-19AT Ch-7 P-20AT Ch-7 P-21AT

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