Calculate net price factor and net price. Dollars list price displaystyle-{435.20}$ Trade discount rate displaystyle-{26}%,{15}%,{5}%.

Calculate net price factor and net price. Dollars list price displaystyle-{435.20}$ Trade discount rate displaystyle-{26}%,{15}%,{5}%.

Question
Decimals
asked 2021-03-09
Calculate net price factor and net price.
Dollars list price \(\displaystyle-{435.20}\$\)
Trade discount rate \(\displaystyle-{26}\%,{15}\%,{5}\%.\)

Answers (1)

2021-03-10
Step 1
Subtract each of the trade discount rate from \(\displaystyle{100}\%\) and then convert the answer to decimal form.
a) \(\displaystyle{100}\%-{26}\%={74}\%\)
\(= 0.74\)
b) \(\displaystyle{100}\%-{15}\%={85}\%\)
\(= 0.85\)
c) \(\displaystyle{100}\%-{5}\%={95}\%\)
\(= 0.95\)
Step 2
Compute the net price factor by multiplying all the above computed decimals together,
Net price factor \(\displaystyle={0.74}\times{0.85}\times{0.95}\)
\(= 0.59755\)
Hence, the net price factor is \(0.59755.\)
Compute the net price as follows.
\(\text{Net price}\ =\ \text{List price}\ \times\ \text{Net price factor}\)
\(\displaystyle={435.20}\times{0.59755}\)
\(= 260.05376\)
Hence, the prise is \(\displaystyle{260.05}\$\)
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