A trade discount of 22.5% from the suggested selling price for a line of personal computers translates to a $337.05 discount.What net price will a retailer pay? (Round your answer to 2 decimal places.)Net price $
Question
A trade discount of 22.5% from the suggested selling price for a line of personal computers translates to a
Solution
To find the net price that a retailer will pay, we first need to determine the original price of the personal computers before the trade discount was applied.
Step 1: Understand that the trade discount of $337.05 represents 22.5% of the original price.
Step 2: To find the original price, we can set up the equation:
0.225 * Original Price = $337.05
Step 3: Solve for the Original Price by dividing $337.05 by 0.225.
Original Price = 1498
Step 4: To find the net price, subtract the trade discount from the original price.
Net Price = Original Price - Trade Discount Net Price = 337.05 = $1160.95
So, the retailer will pay approximately $1160.95 for the personal computers.
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