Explanation Given Information: The list price of the paint supplies is $ 2 , 100 and trade discount rate is 35 % . 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 of paint supplies is $ 2 , 100 and trade discount rate is 35 % . Compute the net price factor by substituting trade discount rate to 35 % in the net price factor formula

8th Edition

ISBN: 9781305888715

Author: Brechner

Publisher: CENGAGE LEARNING - CONSIGNMENT

See similar textbooks

Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

Videos

Question

Chapter 7.II, Problem 4TIE

To determine

To calculate: The net price of the order if the paint supplies bought by Central Hardware Store has a list price of $2,100 and trade discount rate of 35%.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 7.II, Problem 3TIE

Chapter 7.II, Problem 5TIE

Students have asked these similar questions

The recciprocal rule

2. Use Broyden's method to solve the nonlinear system x² + y²+sin(x + y) x+y+cos(xy) = a = = 5 where a is the number formed by the first two digits of your SUID. Try at least two different starting points (or more, if needed to find a solution). Report the outcome of running the method for each starting point. Was the root you found always the same?

The correct answer is Ccould you show me how to do it by finding a0 and and akas well as setting up the piecewise function and integrating

Chapter 7 Solutions

EBK CONTEMPORARY MATHEMATICS FOR BUSINE

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 of the order if the paint supplies bought by Central Hardware Store has a list price of $ 2 , 100 and trade discount rate of 35 % .

Solution Summary: The author calculates the net price of the order if the paint supplies bought by Central Hardware Store has a list price and trade discount rate of 35%.

Concept explainers

Videos

To calculate: The net price of the order if the paint supplies bought by Central Hardware Store has a list price of $2,100 and trade discount rate of 35%.

Want to see the full answer?

Chapter 7 Solutions