How to get a net price and trade discount?
Im in a college math course called quantitative business methods and I do not understand this chapter what so ever. It is called Discounts; Trade and cash. Anyway please tell me how I get the net price and trade discount in general. And here is one example from my homework please tell me the answers and how you got it. Item-Hewlett-Packard scanner List price-$325 Chain Discount- 6/3/2 Net price- ?? (find this) Trade discount-?? (find this)
Trade discount and net price calculator for business math... help please!?
I'm having trouble understanding this... mainly the trade discount. One manufacturer is calculating the trade discount on a dog kennel with a list price of $287 and a trade discount series of 12/12/11. What is the trade discount? What is the net price for the kennel? This is what I've gotten so far... 100-12= 88% 100-12= 88% 100-11= 89% .88x.88x.89= 0.689216 net price = net decimal equivalent x list price =0.689216 x $287 =$197.804992 What is the trade discount rounded to the nearest cent? What is the net price for the kennel rounded to the nearest cent? Thanks so much.
Math questions: Need to find Net Price and Trade Discount?
Item List Price Chain Discount Net Price Trade Discount Trotter Treadmill $3,000 9/4 ? ? HP Scanner $300 3/5/9 ? ?
Finding net price help please?
I used the idea that for you to get a 30% discount then you really pay 70% of the list price, then you get a 25% discount which means you pay 75%, and finally you get a 15% discount so you pay 85%. So $24000 * .70 * .75 * .85 = $10710 This is what you got!!! Sounds like the answer sheet is off, maybe they rounded off in there steps at some point where we didn't.
Decimal equivalent of the net price for a series trade discount? (10 points to best answer)?
Terms given in the question are confusing. It is not clear what do you want to calculate? Any way, I suppose you want to know the single percentage discount that is equivalent to the given three successive discounts. Lets assume that list price of an article = $ 100. Selling price after the first discount of 40 % = $ 100 - ( 40% 0f 100 ) = $ 60. Now assume $ 60. as the new list price and allow the next discount of 15% on $ 60 ( not on $ 100 ) => Selling price of the article after the second discount = 60 - ( 15 % 0f 60 ) = ( 60 - 9 ) = $ 51 Now $ 51 is the new selling price at which we have to allow the third discount of 10%. Hence the final Selling Price = $ 51 - ( 10% of $ 51) = 51 - 5.1 = $ 45.90. ie For the list price of $ 100 the customer will have to pay $ 45.90 only. Hence the single effective discount = $ ( 100 - 45.90 ) = $ 54.10 and Effective percentage discount = 54.10 % Hence decimal equivalent of the net price ( $ 100 ) = 54.10 divided by 100 = 0.541 .............. Answer Answer P.K.Tandon ……………………………………………………………………………………..