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:

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UpStudy AI · Accepted Answer

To find the net price after a trade discount, we need to calculate the amount of the discount and then subtract it from the list price.

Given:
- List price = $5,020
- Trade discount = 32%

1. Calculate the amount of the trade discount:
$$ \text{Trade Discount} = \text{List Price} \times \text{Trade Discount Percentage} $$

2. Subtract the trade discount from the list price to find the net price:
$$ \text{Net Price} = \text{List Price} - \text{Trade Discount} $$

Let's calculate the net price.
Calculate the value by following steps:
- step0: Calculate:
  $$5020\times 0.32$$
- step1: Multiply the numbers:
  $$1606.4$$
The trade discount is $1,606.40.

Now, let's calculate the net price:
$$ \text{Net Price} = \text{List Price} - \text{Trade Discount} $$

$$ \text{Net Price} = \$5,020 - \$1,606.40 $$

$$ \text{Net Price} = \$3,413.60 $$

Therefore, the net price after the trade discount is $3,413.60.
The net price after a 32% trade discount on a list price of $5,020 is $3,413.60.

Bob’s Party Place buys some party hats and mask with a list price of . The
supplier extends a trade discount. What is the net price?
select one:

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