In addition to the regular trade discount of 25% and a volume purchase discount of 813%813% from the manufacturer, Appliance Warehouse is offered a further 5% discount for orders placed in January. (Use five decimal places for repeating decimals.)a. What is the net price after all three trade discounts on refrigerators listed at $1,195? (Round your answer to the nearest cent.)
Question
In addition to the regular trade discount of 25% and a volume purchase discount of 813%813% from the manufacturer, Appliance Warehouse is offered a further 5% discount for orders placed in January. (Use five decimal places for repeating decimals.)a. What is the net price after all three trade discounts on refrigerators listed at $1,195? (Round your answer to the nearest cent.)
Solution
The question seems to have a typo in the volume purchase discount. It's mentioned as 813%, which is not possible. Assuming it's 13%, let's calculate the net price after all three trade discounts.
-
First, apply the regular trade discount of 25% on the list price of $1,195.
Discounted price = 1,195) = $896.25
-
Next, apply the volume purchase discount of 13% on the discounted price.
Further discounted price = 896.25) = $779.7375
-
Finally, apply the 5% discount for orders placed in January on the further discounted price.
Final price = 779.7375) = $740.750625
So, the net price after all three trade discounts on refrigerators listed at 740.75 (rounded to the nearest cent).
Similar Questions
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 $
You work in a departmental store. The owner of the store needs your help in increasing sales of its products. The original price of product A is $40. What will be the discounted price if there is a 25% discount offered on this productResponses6060292932323030
Keddy wants to buy a new sofa. A sofa in shop A has a price of $2450, which is 30% cheaper than the price of the same sofa at shop B. During a promotion the sofa is sold at a 5% discount at shop B. What is the discounted price of the sofa at shop B?
sale. Any damaged stock will be discounted by 35%.A refrigerator is scratched and discounted to $1820.a What was the original price of the refrigerator?b How much money is saved because of the scratch on the door?
During March a firm purchased $38,300 of merchandise and paid freight charges of $5,370. If the net delivered cost of purchases at the end of March is $33,980, what is the total purchases returns and allowances for March?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.