What is the net price factor and net price if listed price $495.20 and trade discount rate of 26/15/5

Question

alenahelenash · Accepted Answer

To calculate the net price factor and net price, given a listed price of 495.20 and a trade discount rate of 26/15/5, we can follow these steps:
1. Calculate the net price factor:
The net price factor is calculated as (1 - Trade Discount Rate).
The Trade Discount Rate is given as 26/15/5. To find the net price factor, we need to convert the fractions into decimal form.
Trade Discount Rate

= 26 / 15 / 5 = (26 / 15) / 5 = 26 / 75

Net Price Factor

= 1 - 26 / 75

2. Calculate the net price:
The net price is calculated by multiplying the listed price by the net price factor.
Net Price = Listed Price * Net Price Factor
Let's substitute the values into the formulas:
1. Net Price Factor:
Net Price Factor

= 1 - \frac{26}{75}

To simplify the fraction, we can find the common denominator of 75:
Net Price Factor

= \frac{75}{75} - \frac{26}{75}

Net Price Factor

= \frac{75 - 26}{75}

Net Price Factor

= \frac{49}{75}

2. Net Price:
Net Price =

495.20 * \frac{49}{75}

To calculate the net price, we multiply the listed price by the net price factor:
Net Price = 329.15
Therefore, the net price factor is

\frac{49}{75}

and the net price is 329.15.

Store	Original Price of Aquarium ($)
Pets Plus	118
Pet Planet	110

What is the net price factor and net

Answered question

Answer & Explanation

New Questions in High School