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Sharma Kennels buys some items with a list price of \( \$ 4,300 \). The supplier extends a \( 30 \% \) trade discount rate. What is the net price (in \( \$ \) )? \( \$ \) Need Help? Read it Watch it Mastor It

Ask by Sherman Osborne. in the United States
Feb 04,2025

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Answer

The net price after a 30% discount on \$4,300 is \$3,010.

Solution

To determine the **net price** that Sharma Kennels needs to pay after applying the **30% trade discount**, follow these steps: 1. **Identify the List Price and Discount Rate:** - **List Price (Original Price):** \$4,300 - **Trade Discount Rate:** 30% 2. **Calculate the Discount Amount:** \[ \text{Discount Amount} = \text{List Price} \times \text{Discount Rate} \] \[ \text{Discount Amount} = \$4,300 \times 0.30 = \$1,290 \] 3. **Determine the Net Price:** \[ \text{Net Price} = \text{List Price} - \text{Discount Amount} \] \[ \text{Net Price} = \$4,300 - \$1,290 = \$3,010 \] **Therefore, the net price after applying the 30% trade discount is \$3,010.**

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To find the net price after applying the trade discount, first calculate the trade discount amount by multiplying the list price by the discount rate: \[ 30\% \text{ of } 4300 = 0.30 \times 4300 = 1290 \] Now, subtract the trade discount from the list price: \[ 4300 - 1290 = 3010 \] Therefore, the net price is \( \$ 3,010 \). Want to calculate more discounts like a pro? Remember, when dealing with multiple discounts, apply them one at a time rather than stacking them all at once! This way, you’ll avoid a common mistake: multiplying the whole amount by combined percentages. If you're curious about the world of trade discounts, check out some articles on how businesses use them to maintain client relationships and drive sales. You'll discover the fascinating interplay of pricing strategies in both retail and wholesale markets!

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