Explanation Given information: Starting price is $ 2.353 per gallon and trade discount is 7 , 5 , 2.5 . Formula used: Trade discount formula: Trade discount = singal trade discount × list price Net price formula: Net price = list price − trade discount Calculation: Consider the given information, First trade discount equivalence, Trade discount 7% = 7 100 = 0.07 And, Net Equivalent = 1 − 0.07 = 0.93 Second trade discount equivalence, Trade discount 5% = 5 100 = 0.05 And, Net Equivalent = 1 − 0.05 = 0.95 Final Trade Discount equivalence, Trade discount 2 .5% = 2.5 100 = 0.025 And, Net Equivalent = 1 − 0.07 = 0.975 The net reduction is, Net reduction = product of net equivalent = 0

11th Edition

ISBN: 9780134496436

Author: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

Publisher: PEARSON

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Chapter 8, Problem 1CS2

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To calculate: The Rob’s net price after applying the trade discount, if the starting price is $2.353 per gallon and trade discount is 7,5,2.5.

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The Rob’s net price after applying the trade discount, if the starting price is $ 2.353 per gallon and trade discount is 7 , 5 , 2.5 .

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To calculate: The Rob’s net price after applying the trade discount, if the starting price is $2.353 per gallon and trade discount is 7,5,2.5.

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