Asked by Eddie Weissfeld on Jul 14, 2024
Verified
A 37.5% trade discount on a camera represents a discount of $223.14 from the suggested retail price. What is the net price to the buyer?
Trade Discount
A reduction on the list price granted by a seller to a buyer based on the quantity purchased or the buyer's trade status.
Net Price
The actual price that is paid for a product or service after deducting any discounts, rebates, or other adjustments.
- Acquire knowledge on the concept of trade discount and perform calculations to ascertain the net price and the trade discount figure.
Verified Answer
MK
Learning Objectives
- Acquire knowledge on the concept of trade discount and perform calculations to ascertain the net price and the trade discount figure.