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 $5\frac{1}{2}\%$ volume discount on total order
			Invoice total