Accounting 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

Explanation of Trade Discount: A trade discount represents a reduction in the list price of goods…

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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Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an item is $1,000, ___ is the final price after all discounts. Subject: Financial Accounting
Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an item is $1,000, ___ is the final price after all discounts. Give me Answer
Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an item is $1,000, ___ is the final price after all discounts.
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 ?
Find the rate of markdown and the markdown. Regular Selling Price $35.10 Rate of Markdown ? Markdown ? Sale Price $22.40 The rate of markdown is %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
A wholesaler gives trade discounts 30%, 11% and 3% to his regular customers.a) Find the single discount equivalent to the given trade discounts.b) If the list price of an item is RM320, find the net price.
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 $ Dollar markup Cost 36.60 Percent markup on selling price %
Final answer
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
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