Explanation Given Information: The list price is $ 1 , 244.25 and trade discount rate is 45.8 % . Formula used: Follow the steps to compute the net price using the net price factor Step 1 : The net price factor is computed by subtracting the trade discount rate from 100 % Net Price Factor = 100 % − Trade discount rate Step 2 : The net price is computed by multiplying the list price with the net price factor. Net Price = List Price × Net Price Factor Calculation: Consider that the list price is $ 1 , 244.25 and trade discount rate is 45.8 % . Compute the net price factor by substituting trade discount rate to 45.8 %

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

See similar textbooks

Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear re…

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

Videos

Question

Chapter 7.II, Problem 12RE

To determine

To calculate: The net price factor and net price if list price is $1,244.25 and trade discount rate is 45.8%. Round the answer to the nearest cent.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 7.II, Problem 11RE

Chapter 7.II, Problem 13RE

Students have asked these similar questions

Prove let Aand B submodul of M A is large sub podule A large of B and B large of M. SM B Smale sub module B/A smal of M/A and As Mallof M. Give example and expleain caim. Amonorphism and split d) Determine the following group: Hom, (Q,Z) and Ho M₂ (Q, Q) and Hom (2/12, Q) =

Q2: Using the Laplace transform, find the solution for the following equation y"" +y" = 6et + 6t + 6. Suppose zero initial conditions (y"" (0) = y"(0) = y'(0) = y(0) = 0).

1- Let A = {A1, A2, ...), in which A, A, = 0, when i j. a) Is A a π-system? If not, which element(s) should be added to A to become a π-system? b) Prove that σ(A) consists of the finite or countable unions of elements of A; i.c., A E σ(A) if and only if there exists finite or countable sequence {n} such that A = U₁An (Hint: Let F be such class; prove that F is a σ-filed containing A.) c) Let p ≥ 0 be a sequence of non-negative real numbers with Σip₁ = 1. Using p₁'s, how do you construct a probability measure on σ(A)? (Hint: use extension theorem.) 2- Construct an example for which P(lim sup A,) = 1 and P(lim inf An) = 0.

Chapter 7 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 7.I - From the following FotoFair invoice, identify the...Ch. 7.I - Prob. 2TIE Ch. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 2RE Ch. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 4RE Ch. 7.I - Prob. 5RE Ch. 7.I - Prob. 6RE Ch. 7.I - Prob. 7RE Ch. 7.I - Prob. 8RE

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.

The net price factor and net price if list price is $ 1 , 244.25 and trade discount rate is 45.8 % . Round the answer to the nearest cent.

Solution Summary: The author calculates the net price factor by subtracting the trade discount rate from 100%.

Concept explainers

Videos

To calculate: The net price factor and net price if list price is $1,244.25 and trade discount rate is 45.8%. Round the answer to the nearest cent.

Want to see the full answer?

Chapter 7 Solutions