Question
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:
Ask by Mills Rose. in the United States
Jan 22,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
The net price after a 32% trade discount on a list price of $5,020 is $3,413.60.
Solution
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.
Reviewed and approved by the UpStudy tutoring team
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Simplify this solution Mind Expander
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!
