Thank you for visiting A wholesaler offers a trade discount of 14 to a retailer The list price is 62 50 What is the net price for the retailer. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
According to the given statement the retailer will pay a net price of $53.75 after applying a trade discount of 14% to the list price of $62.50
The net price for the retailer can be calculated by subtracting the trade discount from the list price.
First, let's calculate the amount of the trade discount.
The trade discount is given as 14% of the list price. To find this, we multiply the list price by 14% (or 0.14):
Trade discount = List price × Trade discount rate
Trade discount = $62.50 × 0.14
Next, we calculate the net price by subtracting the trade discount from the list price:
Net price = List price - Trade discount
Net price = $62.50 - (Trade discount calculated above)
By substituting the values, we can calculate the net price for the retailer.
Now, let's calculate the trade discount:
Trade discount = $62.50 × 0.14
Trade discount = $8.75
Substituting the trade discount value into the equation for the net price:
Net price = $62.50 - $8.75
Net price = $53.75
Therefore, the net price for the retailer is $53.75.
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