Question

In addition to the regular trade discount of 25% and a volume purchase discount of 8.33333333% from the manufacturer, Appliance Warehouse is offered a further 5% discount for orders places in January.

a. What is the list price on an electric range whose net price works out to be $470.25

b. What single trade discount rate is equivalent to the three trade discounts?

c. After the regular and volume discounts are both taken, what dollar amount of savings does the extra discount for January orders represent on a $1000 list price item?

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