Explanation Given Information: The list price is $ 7.25 and trade discount rates are 25 / 15 / 10 1 2 . Formula used: Follow the steps to compute the net price using the net price factor: Step 1 : Look for the complement of the trade discount rates by subtracting each rate from 100 % and converting them to decimal form. Step 2 : Compute the net price factor by multiplying all the decimals together. Step 3 : The net price is computed by multiplying the list price by net price factor. Net price = List price × Net price factor Calculation: Consider that the list price is $ 7.25 and trade discount rates are 25 % , 15 % and 10 1 2 % . Subtract each of the trade discount rate from 100 % and then convert the answer to decimal form. 100 % − 25 % = 75 % = 0

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 7.III, Problem 5RE

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To calculate: The net price factor and net price if list price is $7.25 and trade discount rates are 25/15/1012.

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Chapter 7.III, Problem 4RE

Chapter 7.III, Problem 6RE

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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

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The net price factor and net price if list price is $ 7.25 and trade discount rates are 25 / 15 / 10 1 2 .

Solution Summary: The author calculates the net price factor by subtracting trade discount rates from 100% and converting them to decimal form.

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To calculate: The net price factor and net price if list price is $7.25 and trade discount rates are 25/15/1012.

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Chapter 7 Solutions