(a) Explanation Given Information: It is given that the Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35 / 20 / 10 . Formula used: Look for the complement of the trade discount rates by subtracting each rate from 100 % and converting them to decimal dorm. Compute the net price factor by multiplying all the decimals together. Compute the single equivalent discount by subtracting the net price factor from 1 . Single equivalent discount = 1 − Net price factor Calculation: Consider that the trade discount rates are 35 % , 20 % and 10 % . Compute complements of the trade discount rates in series by subtracting them from 100% as, 100 % − 35 % = 65 % = 0.65 100 % − 20 % = 80 % = 0 (b) To determine To calculate: The trade discount if Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35 / 20 / 10 , list price is $ 6 , 500 and single equivalent discount is 53.2 % .

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

8th Edition

ISBN: 9781337125468

Author: Brechner

Publisher: Cengage

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Chapter 7.III, Problem 24RE

(a)

To determine

To calculate: The single equivalent discount if Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35/20/10.

(b)

To determine

To calculate: The trade discount if Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35/20/10, list price is $6,500 and single equivalent discount is 53.2%.

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Chapter 7.III, Problem 23RE

Chapter 7.III, Problem 25RE

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The single equivalent discount if Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35 / 20 / 10 .

Solution Summary: The author calculates the single equivalent discount if Irazu Market buys supplies from Octet Distributors with a series of trade discount of 35/20/10