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
Real Tutor Solution
Answer
Solution
Reviewed and approved by the UpStudy tutoring team
Bonus Knowledge
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!