Chapter 7.III, Problem 7TIE

(a)

To determine

To calculate: The net price factor for the series of trade discounts if Something’s Fishy, a pet shop, get a $30/20/12$ series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $\$3,500$. In September, the shop placed an additional listing order for $\$5,800$.

(b)

To determine

To calculate: The net price for merchandise purchased in June, if Something’s Fishy, a pet shop, get a $30/20/12$ series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $\$3,500$. In September, the shop placed an additional listing order for $\$5,800$ and net price factor is $49.28\%$

(c)

To determine

To calculate: The net price for the merchandise purchased in September if Something’s Fishy, a pet shop, get a $30/20/12$ series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $\$3,500$. In September, the shop placed an additional listing order for $\$5,800$ and net price factor is $49.28\%$.