Calculate the missing values in the following table. Round your answers to two decimal places. List Price (L)(L) Single discount rate (d)(d) Amount of discount (d×L)(d×L) Net price (N)(N) 6.00% $51.50 % $219.50 $662.50 $12,800.00 % $640.00 $30,950.00 % $3,851.75 The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,241.93. a. What is the list price of the item? b. Calculate a single equivalent trade discount rate of the series of discount rates.
Calculate the missing values in the following table. Round your answers to two decimal places. List Price (L)(L) Single discount rate (d)(d) Amount of discount (d×L)(d×L) Net price (N)(N) 6.00% $51.50 % $219.50 $662.50 $12,800.00 % $640.00 $30,950.00 % $3,851.75 The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,241.93. a. What is the list price of the item? b. Calculate a single equivalent trade discount rate of the series of discount rates.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Calculate the missing values in the following table. Round your answers to two decimal places.
| List Price (L)(L) | Single discount rate (d)(d) | Amount of discount (d×L)(d×L) | Net price (N)(N) |
|
|
6.00% | $51.50 |
|
|
|
|
$219.50 | $662.50 |
| $12,800.00 |
|
|
$640.00 |
| $30,950.00 |
|
$3,851.75 |
|
The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,241.93.
a. What is the list price of the item?
b. Calculate a single equivalent trade discount rate of the series of discount rates.
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