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a. What is the list price of the item? $0.00 Round to the nearest cent b. Calculate a single equivalent trade discount rate of the series of discount rates. 0.00 % Round to two decimal places

a. What is the list price of the item? $0.00 Round to the nearest cent b. Calculate a single equivalent trade discount rate of the series of discount rates. 0.00 % Round to two decimal places

FINANCIAL ACCOUNTING
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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The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,517.92. a. What is the list price of the item? $0.00 Round to the nearest cent Question 9 of 12 b. Calculate a single equivalent trade discount rate of the series of discount rates. 0.00 % Round to two decimal places k
Transcribed Image Text:The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,517.92. a. What is the list price of the item? $0.00 Round to the nearest cent Question 9 of 12 b. Calculate a single equivalent trade discount rate of the series of discount rates. 0.00 % Round to two decimal places k
Question 8 of 12 A wholesaler listed a food additive for $50.00 per kg. Last winter, he offered 23.00% and 9.00% discounts to a retailer. Round your answer to 2 decimal places. a. Calculate the net price to the retailer: $0.00 Round to the nearest cent b. Calculate the amount of trade discount per kg to the retailer: $0.00 Round to the nearest cent
Transcribed Image Text:Question 8 of 12 A wholesaler listed a food additive for $50.00 per kg. Last winter, he offered 23.00% and 9.00% discounts to a retailer. Round your answer to 2 decimal places. a. Calculate the net price to the retailer: $0.00 Round to the nearest cent b. Calculate the amount of trade discount per kg to the retailer: $0.00 Round to the nearest cent
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