Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Suppose a supermarket ordered 11 cases of organic vegetable soup with a list price of $18.90 per case and 6 cases of organic baked beans with a list price of $33.50 per case. The wholesaler offered the supermarket a 39% trade discount. (Round your answers to the nearest cent.)
(a) What is the total extended list price (in $) of the order?
(b) What is the total amount of the trade discount (in $) on this order?
(c) What is the total net amount (in $) the supermarket owes the wholesaler for the order?
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