a. What is the net price factor of a 25/19 series of trade discounts? net price______   b. A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 35/30/5, find the net price using the net price factor, complement method. $______   c. Find the trade discount amount for an order of merchandise with a list price of $29,000 less trade discounts of 30/25/10. trade discount amount________

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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a. What is the net price factor of a 25/19 series of trade discounts?

net price______

 

b. A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 35/30/5, find the net price using the net price factor, complement method.

$______

 

c. Find the trade discount amount for an order of merchandise with a list price of $29,000 less trade discounts of 30/25/10.

trade discount amount________

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