Final answer BestElectronics offers tradediscounts of 30%, 20%, and 10% insequence. If the list price of an itemis $1,000,after all discounts.is the final price

To calculate the final price after sequential trade discounts of 30%, 20%, and 10%, we can apply…

Answered: Best Electronics offers trade discounts…

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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Similar questions

Calculate the net price factor ( as a % ) and net price ( in $ ) by using the complement method, round your answer to the nearest cent. List price is $1,244.25 Trade discount is 45.9% What is the Net Price Factor and what is the Net price ?
A supplier offers the following discounts: Trade discounts of 20% at list price and another cash of 3% if paid in full before the due date. The net amount paid by the customer within the discount period is 14,550. How much is the list price? Select the correct response: O 15,200 14,400 18,750 16,000
Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 Cost Dollar markup Percent markup on selling price %
Complete the table using the information provided and assume a VAT rate of 15%: VAT EXCLUSIVE PRICE VAT AMOUNT VAT INCLUSIVE PRICE R280 a b c d R862.50 e R126 f
answer the three questions and show the solution
The full amount of purchase is P530. If a cash discount of 10% is allowed, find the amount of the cash discount and the net amount to be paid. Round to the nearest centavo
Arrow Manufacturing offers discounts of 31%, 15.5%, 3% on a line of products For how much should an item be listed if it is to be sold for $286 22? The itom should be isted for $ (Round the final answor to the nearest cent as needed. Round all intermediate values to six decimal places as neoded)
Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost
An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel spreadsheet. The current value of this stream of CFs is $1,544. What is the implied discount rate? Solve the problem using the following approaches: a. Use trial and error or Goal Seek in Excel (tab Data/What-if-Analysis). b. Use the excel built-in function RATE.
2. A certain product payment offers 30/25 / 18/ 5 discounts. What is the total net price rate? 3. What is the price difference if a net price of Php 1,456.80 has a single discount of 40 % and a discount series of 20 % , 15 % , 5 %. 4. Compare the discount offer between a discount series of 20 % ,15 % and 10 % and a single discount of 45 % 5. Which discount will you chose in buying the same brand of air conditioning unit of Php 10,800. A discount of 15 % and 5 % or a discount of 10 % , 8 % , and 5%.
A buyer for a retail store negotiates discounts of 30%, 15%, and 5% (taken successively) on a certain mattress. If the mattress has in initial price of $904, what price will the buyer actually pay after the discounts are applied? (Round to the nearest cent.)
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Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an item is $1,000, after all discounts. is the final price