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

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

8th Edition

ISBN: 9781337125468

Author: Brechner

Publisher: Cengage

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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%.

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Chapter 7.II, Problem 3TIE

Chapter 7.II, Problem 5TIE

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Chapter 7 Solutions

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

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

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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%.

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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%.

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Chapter 7 Solutions