Bob's Party Place buys some party hats and mask with a list price of \( \$ 5,020 \). The supplier extends a \( 32 \% \) trade discount. What is the net price? select one:

To find the net price, you first calculate the discount amount by multiplying the list price by the trade discount rate. So, the discount amount is \( 5,020 \times 0.32 = 1,606.40 \). Then, subtract the discount from the list price: \( 5,020 - 1,606.40 = 3,413.60 \). Thus, the net price is \( \$ 3,413.60 \). Now, let's party on! 🎉 Don’t forget to always double-check the math; even a small miscalculation can turn a budgeted bash into a financial fiasco!