Question
Calculate the net price of merchandise listing for \( \$ 5,900 \) less a trade discount of \( 45 \% \). Select one: a. \( \$ 2,655 \) b. \( \$ 3,760 \) c. \( \$ 3,245 \) d. \( \$ 2,065 \)
Ask by Wade Harrington. in the United States
Jan 22,2025
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Tutor-Verified Answer
Answer
The net price is \$3,245.
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Beyond the Answer
To find the net price after a trade discount, you need to calculate the discount amount first. Multiply the list price of \( \$ 5,900 \) by the trade discount percentage of \( 45\% \): \[ \text{Discount Amount} = 5,900 \times 0.45 = 2,655 \] Now, subtract the discount amount from the list price: \[ \text{Net Price} = 5,900 - 2,655 = 3,245 \] Therefore, the correct choice is: c. \( \$ 3,245 \)