Royal Furniture bought a sofa for $990. The sofa had a $1,590 list price. What was the trade discount rate Royal received? (Round your answer to the nearest hundredth percent.)

Q: A carpet store sells designer rugs at retail for $845.61. If a 50% markup based on cost is added,…

A: The retail price includes the cost price and the markup value. The cost of goods manufactured is the…

Q: A school canteen sold hot cakes at P0.55 each. How many were sold if the sale was P18.70?

A: Sales: It is an activity where the goods and services are sold to the customer for a certain price.…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: In order to determine the equivalent discount, we need to compute the net factor payments.

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Trade discount: It is the reduction in the retail price when manufacture sell product to the…

Q: The Knockey Corporation sells hockey sticks at a wholesale price of $103. If a store marks this up…

A: In the given case, we have provided the wholesale price, mark up rate . And, to calculate the retail…

Q: A wholesaler sells a guitar for $1,212.70. What is the percent markup based on cost if the…

A: The excess amount of selling price over the cost price of the goods and services is term as the…

Q: Skis are listed by a manufacturer for $860, less trade discounts of 35% and 17%. What further rate…

A: This is a case of three successive discounts.Successive discounts means discount on the discount.We…

Q: Kim is a furniture retailer.  She can buy a dining table for a list price of $1,600 with a 25% trade…

A: Discount allowed is the amount that is allowed by a supplier to its customer on account of the bulk…

Q: Q. # 6. Michelle bought belts for her boutique at a cost of $27.00 each. The belts were marked up so…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: At a 15% discount, a pair of shoes cost was $38.7. What was the regular price (without discount)?…

A: Regular price = Price after discount / (100 - Discount %)

Q: All Lacoste items are on sale at 15% discount. If a dress costs P7500 with a delivery fee of P150,…

A: Discount: Promotional discounts are price reductions applied to a product or service in order to…

Q: 3. Annabelje McCloney purchases denim jeans for $14.95 and a velour top for $16.39. The sales tax…

A: The purchase price is the price paid to purchase the goods and service. It is the amount paid by the…

Q: Skis are listed by a manufacturer for $880, less trade discounts of 35% and 17%. What further rate…

A: Trade discount are generally given by the seller at the time of purchase of goods. it is reduction…

Q: A home decorating store carries handmade floor tile with a markup of 3131​% on the selling price. If…

A: The objective of the question is to find the selling price, the cost, and the cost as a percent of…

Q: Suppose Dina is choosing how to allocate her portfolio between two asset classes: risk-free…

A: Here,CombinationFraction of Portfolio in Diversified Stocks (%)Average Annual Return (%)Standard…

Q: Ashley bought a bracelet at original cost $19 to sell in her handicraft store. She marked the price…

A: List Price: List price refers to the price at which the manufacturer sells a product notionally.…

Q: e discount rates of plement method.

A: Introduction: Net price factor is a method of business promotion that is used by companies in order…

Q: A manufacturer sells an item with a list price of $335 to a distributor. The distributor receives a…

A: Trade discount :— It is calculated by multiplying list price with trade discount rate.    Discounted…

Q: Skis are listed by a manufac further rate of discount sho

A: DISCOUNT TERM The 4/10 net 60 calculation is a way of providing cash discounts on purchases. This…

Q: they sell by marking up its cost at wholesale a full 100%. If they had a sale with all items marked…

A: Step 1 In cost, there are two types of profit percentage method generally, which is based on On…

Q: Elsa bought some kitchen supplies from an online store. For shipping the store charges 68.65 flat…

A: Shipping charges are transportation charges that are to be paid on purchasing a product. It is…

Q: A tire store advertises all tires at a 25% discount. Find the original price of a tire with a sales…

A: Discounts are generally offered and given to buyers in order to promote sales. It can be cash…

Q: Marissa paid $203.57 for a printer that she purchased after receiving trade discounts of 24%, 18%,…

A: List price of the printer =amount paid / (1-discount1)*(1-discount2)*(1-discount3)

Q: Apollo Denis owns a store retail outlet.Jessica bought goods from Apollos store worth k600.Apollo…

A: Data given:Goods worth= k600Discount allowed=20%Required: How much is discount amount ?

Q: A consumer buys a used car $15500 with monthly payments of $340, an annual interest rate of 4.6%.…

A: The concept of time value of money will be used and applied here. When we take a loan or a mortgage…

Q: Allen bought a pair of pants with 30% off. If the original price of the pair of pants is P 2,399.00,…

A: The discounted price is calculated by deducting the discount from the original price.

Q: Shiela bought an exercise machine at Toby’s Sport House with a list price of P16,000 subject to 13%…

A: List price is the price before any discount. Discount is calculated on the list price.

Q: A dress has a selling price of 1,800. It's mark up based on selling price is 17%. What is the…

A: Selling price = 1800 Mark up based on selling price = 17%

Q: (a) Kerry Kase purchased an electronic register for £2,499 after VAT for her restaurant. The VAT was…

A: VAT is value added tax being imposed on sale of goods and services in business. Sales price will be…

Q: A buyer purchased 1500 towels at $10 each and 1500 matching face clothes at $5 each. The buyer…

A: Total cost of a set = Towels cost + Matching face clothes cost = $10 + $5 = $15

Q: A merchant buys a sweatshirt for $15 and has a dollar markup of $14.95. what is the retail price? O…

A: The price at which an entity sells its goods is referred to as the retail price. It is the price…

Q: (a) Determine the amount of markup (in dollars) the dealer applies to each smartphone to se at the…

A: Cost of Smartphone to Retailer  $  820.00 Regular Selling Price  $  799.00 Overhead is 18%…

Q: Round your answer to the nearest dollar. Make a 5% offer on a Ford Escort that has a sticker price…

A: Sticker Price = $13,805.28Dealer Cost = $12,962.70Offer Percentage = 5%

Q: A discount store buys a piece of luggage whose list price is $80. They receive a 40% trade discount.…

A: Net cost is gross cost of a product reduced by any gain received from owing the product. The…