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: 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: 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: A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 30% trade…

A: Trade discount is the rate by which list price is reduced.

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: 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: 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: An electrical supply store bought copper wire with a list price of $24,200. The wholesaler extended…

A: Trade discount is usually offered by the wholesalers to make sales on a frequent basis.

Q: A purchaser paid $342.50 for a TV that cost the seller $250. If the seller's markup was 37% of the…

A: Markup means the profit percentage on cost price of selling price. Formula for markup on selling…

Q: Kindness Company regularly buys sweaters and is allowed a trade discount of 20% and 10%. The entity…

A: Cost: It is the economic value of resources incurred by a firm to manufacture a product or render a…

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: 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: what would be the percent markup based on the selling price?

A: Markup in amount ($) = Selling Price - Cost  Markup % based on cost = [ (Markup (in amount) / Cost ]…

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: furniture store bought some bookcases at $79 each, after a trade discount of 55%.  What was the list…

A: Price you pay = list price(1-  discount) List price is full price without providing  any discounts.…

Q: Bargain city clothing store purchased raincoats for $38.10. The store requires a markup of 49% on…

A: The selling price is the price at which the product is sold to the customer. In other words, it is…

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

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

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

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Sharma Kennels buys some items with a list price of $4,700. The supplier extends a 40% trade…

A: Calculate discount amount: Discount amount = list price * trade discount rate Discount amount =…

Q: d 10,000 units of chairs from YS furnishing for $300,000. The listed price for 10,000 units was…

A: As per the given information: Chairs purchased - 10,000 units for $300,000 Listed price - 10,000…

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

A: There are three consecutive discounts are given here, the ne price factor can be calculated by using…

Q: Best Buy is selling an ultra-high-definition flat-screen LED TV (36") for $599.98 (retail list…

A: Maintained Markup Percentage=(Selling Price−Cost Price​)/Cost Price×100Maintained Markup…

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: Maningkamot ko permi makapasar sports wear regularly buys sweaters from BSA Company and its allowed…

A: Cost of the purchase = List price - Trade discount + Freight charges where, Trade discount = List…

Q: Levin Furniture buys a living room set with a $4,200 list price and a 40% trade discount. Freight…

A: When goods are in transit and shipped to shipping point (FOB) then the seller sends those goods to…

Q: A discount clothing store buys shirts and slacks with a list price of $12,750. If the wholesaler…

A: Discount is the benefit for purchaser which will be deducted from the purchase price and the balance…

Q: Dean bought goods on credit from Easy Traders for 3600. A mark up of 20% on cost applied to these…

A: In order to earn Profit, goods are sold on Cost plus Markup.

Q: Sam's SnowBoards.com offers 6/5/2 chain discounts to many of its customers. The Ski Hut ordered 20…

A: A trade discount is the amount that a manufacturer reduces the retail price of a product when…

Q: A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade…

A: Formula: Trade discount amount = Invoice amount x Discount rate Multiplying invoice amount with…

Q: As a result of the purchase, by how much will Pina Colada Corp. increase its van account?

A: Formula = Purchase price - Discount received + Sales Tax

Q: Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per…

A: 2/10 net 30 means 2% discount will be there if payment is made with in 10 days and no discount after…

Q: After a 35/20 trade discount, a kitchen appliance store paid $40. What was the list price?

A: Trade Discount:-Trade discount is the discount which the manufacturer provides to the seller on the…

Q: A sofa regular sells for $890. The sale price is $667.50. Find the percentage decrease of the sale…

A: The percentage decrease is calculated as change in sale price divided by the original selling price

Q: Ikea received the sofa set that was bought at a wholesale price of PhP 11,000. The secretary, Mr.…

A: Marks up amount = wholesale price x Marks up % = PhP 11,000 x 55% = Php 6,050