1 You are the buyer for the housewares department of the Galleria Department Store. A number of vendors in your
area carry similar lines of merchandise. On sets of microwavable serving bowls, Kitchen Magic offers a list price of
$500 per dozen less a 33% trade discount. Pro-Chef offers a similar set for a list price of $525 less a 47% trade
discount.
a. Which vendor is offering the lower net price?
b. If you order 400 dozen sets of the bowls, how much money will be saved by using the lower-priced vendor?
2 calculate the following net price factor and net price.
For convenience, round net price factor to five decimal places when necessary. Round the net price to the nearest
cent.
List Price
Trade Discount Rates
$428.80
16/25/5
Net Price Factor
Net Price
3 Calculate the following net price factor and net price.
For convenience, round net price factor to five decimal places when necessary. Round the net price to the nearest
cent.
List Price
Trade Discount Rates
$992.20
20/25/15
Net Price Factor
Net Price
$
4 Calculate the following net price factor and net price.
For convenience, round net price factor to five decimal places when necessary. Round the net price to the nearest
cent.
Net
Trade
Net
Price
Discoun
Pric
Facto
t Rates
e
r
List Price
$.44
10/9/8
5 Calculate the following net price factor and single equivalent discount.
Round to five places when necessary.
Trade Discount Rates
10/15/13
Net Price Factor
Single Equivalent Discount
6 alculate the following net price factor and single equivalent discount.
Round to five places when necessary.
Trade Discount Rates
Net Price Factor
Single Equivalent Discount
30/5/5
7 Complete the following table.
Round the net price factor and single equivalent discount to five decimal places when necessary. Round dollar-andcent answers to the nearest cent.
List Price
$7,500.00
Trade Discount Rates
Net Price Factor
Single Equivalent Discount
25/15/5
Trade Disc
$
8 omplete the following table.
Round the net price factor and single equivalent discount to five decimal places when necessary. Round dollar-andcent answers to the nearest cent.
List Price
$570.80
Trade Discount Rates
Net Price Factor
Single Equivalent Discount
5/5/15
Trade Disc
$
9 Complete the following table.
Round the net price factor and single equivalent discount to five decimal places when necessary. Round dollar-andcent answers to the nearest cent.
List Price
$2.89
Trade Discount Rates
Net Price Factor
13/20/15
10 What is the net price factor of a 25/30 series of trade discounts?
Single Equivalent Discount
Trade Disc
$