1.Find the trade discount and net price. Round to the nearest cent.ItemList PriceSingleDiscount RateTradeDiscountNet Price(RM)269Fan25%Mini Fridge38910%Radio10014%

Trade discount = List price x Single discount rate Net Price = List price - Trade discount

Answered: 1. Find the trade discount and net…

1. Find the trade discount and net price. Round to the nearest cent. List Price (RM) 269 Item Single Discount Rate Trade Net Price Discount Fan 25% Mini Fridge 389 10% Radio 100 14%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.
Find the trade discount and net price. Round to the nearest cent.
Item
List Price
Single
Discount Rate
Trade
Discount
Net Price
(RM)
269
Fan
25%
Mini Fridge
389
10%
Radio
100
14%

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