Calculate the trade discount for 30 boxes of computer paper if the unit price is $13.26 and a single trade discount rate of 50% is allowedThe trade discount is $Clear AllCheHelp Me Solve ThisCalculatorGet More Help -Copyright © 2021 Pearson Education Inc. All rights reserved. Terms of Use Privacy PolicyPermissionA 70°FType here to searchT TREprt schomeF11endDIIF6F7F10%23%24&3.4.6.RYDGKINB.

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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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Calculate the trade discount for 30 boxes of computer paper if the unit price is $13.26 and a single trade discount rate of 50% is allowed
The trade discount is $
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Che
Help Me Solve This
Calculator
Get More Help -
Copyright © 2021 Pearson Education Inc. All rights reserved. Terms of Use Privacy Policy
Permission
A 70°F
Type here to search
T TRE
prt sc
home
F11
end
DII
F6
F7
F10
%23
%24
&
3.
4.
6.
R
Y
D
G
K
IN
B.

Expert Solution

Step 1 calculation of trade discount

A trade discount is the reduction in price a manufacturer or wholesaler gives a wholesaler or retail when they buy a product or group of products. In other words, a trade discount is a certain percentage a manufacturer is willing to reduce its list price for wholesalers or retailers.

Trade discount=The total price is $13.26*30 boxes and the trade discount will be one half of this value i.e 50%
=$13.26*30*50%
=$198.9