Asked by Marish Quilicot on Apr 28, 2024
Verified
Calculate the net price of a vacuum cleaner that has a list price of $699 and is subject to a trade discount of 35%
A) $245
B) $454
C) $664
D) $755
E) $944
Trade Discount
A reduction in the list price granted by a seller to a buyer, often based on the quantity purchased or a trade relationship.
- Derive the net price by subtracting the given trade discount from the list price.
Verified Answer
AM
angus mckayApr 30, 2024
Final Answer :
B
Explanation :
The net price is calculated by subtracting the trade discount from the list price. The trade discount is 35% of $699, which is $244.65. Subtracting this from the list price gives $699 - $244.65 = $454.35, which rounds to $454.
Learning Objectives
- Derive the net price by subtracting the given trade discount from the list price.
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