This question is for business math using the single trade discount and net price. Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount. Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.
This question is for business math using the single trade discount and net price. Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount. Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 1MYW
Related questions
Question
This question is for business math using the single trade discount and net price.
Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.)
A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount.
Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub