DigiCom has decided to purchase products with a list price of $503.60 and a trade discount of 40%.

What is the amount of discount on the products?

A, discount amnt d, discount rate
L, list price

A=dL
A=(.40)(503.60)
A=201.44

What is the net price of the products?

N=L(1-d)
N=503.60(1-.40)
N=302.16

is it correct?

1 answer

nvm! i got it!

Ask a New Question or answer this question.

Similar Questions

A watch with a list price of $889.00 is sold by a wholesaler at a net cost of $545.75. Find the single trade discount rate being
1. 1 answer
In addition to the regular trade discount of 25% and a volume purchase discount of 8.33333333% from the manufacturer, Appliance
1. 0 answers
Natureland Garden centr buy lawn mowers that list for $679.95 less 30% trade discount. What is the dollar amount of the trade
1. 1 answer
an amusement park purchased equipment for a list price for 42,000, minus trade discounts of 30/20/15. calculate the trade
1. 2 answers