Question

The 30% discount on the tennis racket amounts to 89.70. compute the list / original selling...

The 30% discount on the tennis racket amounts to 89.70. compute the list / original selling price and the net price after discount

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans) Full price is always 100%. For eg- if the cost of any good is $100, then 30% discount will be equal to $30.

We will here use unitary method, that we learned in maths.

30% = 89.70, then

100% = [(89.70)/30] ×100 = 299

Real price of the product is $299.

Now after 30% discount, he will have to pay = $299 - $89.70 = $209.3

Or we can compute it the other way, i.e 30% discount means he will have to pay 70% of the amount.

70% of $299 = .70 × $299 = $209.3

Add a comment
Know the answer?
Add Answer to:
The 30% discount on the tennis racket amounts to 89.70. compute the list / original selling...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Compute the amount of the trade discount and the net price using the discount method. List...

    Compute the amount of the trade discount and the net price using the discount method. List Trade Discount Net Price Discount Amount Price $2,672 35% __________ __________ Group of answer choices Discount Amount: $935.20; Net Price: $1,736.80 Discount Amount: $295.20; Net Price: $1,344.80 Discount Amount: $158.40; Net Price: $561.60 none of these -------------------------------------------------------------------- List Trade Discount Net Price Discount Amount Price $1,640 18% __________ __________ Compute the amount of the trade discount and the net price using the discount method...

  • Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the...

    Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete’s Tennis Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost August 1 Beginning inventory 8 $ 141 $ 1,128 August 4 Sale ($130 each) 5 August 11 Purchase 10 131 1,310 August 13 Sale ($145 each) 8 August 20 Purchase 10 121 1,210 August 26 Sale ($155 each) 11 August 29 Purchase 11 111 1,221 $...

  • You are the financial analyst for a tennis racket manufacturer. The company is considering using a...

    You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for six years. The equipment required for the project has no salvage value and will be depreciated on a straight-line basis. The required return for projects of this type is 13...

  • You are the financial analyst for a tennis racket manufacturer. The company is considering using a...

    You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for six years. The equipment required for the project has no salvage value and will be depreciated on a straight-line basis. The required return for projects of this type is 13...

  • ​Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the...

    ​Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete’s Tennis Shop uses a periodic inventory system: 1. Calculate ending inventory and cost of goods sold at August 31, using the specific identification method. (For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the. August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket...

  • Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the...

    Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete’s Tennis Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost August 1 Beginning inventory 8 $ 149 $ 1,192 August 4 Sale ($170 each) 5 August 11 Purchase 10 139 1,390 August 13 Sale ($185 each) 8 August 20 Purchase 10 129 1,290 August 26 Sale ($195 each) 11 August 29 Purchase 10 119 1,190 $...

  • LIFO Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for...

    LIFO Pete's Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete's Tennis Shop uses a periodic Inventory system. Date August 1 Units 8 Unit Cost $147 Total Cost $ 1,176 August 4 August 11 August 13 137 1,370 Transactions Beginning Inventory Sale (5160 each) Purchase Sale ($175 each) Purchase Sale ($185 each) Purchase August 20 1,270 August 26 August 29 117 1,287 5,103 $ For the specific identification method, the...

  • 19 Athletic Sports, Inc., produces high-quality sports equipment. The company's Racket Division manufactures two tennis rackets...

    19 Athletic Sports, Inc., produces high-quality sports equipment. The company's Racket Division manufactures two tennis rackets -the Standard and the Deluxe-that are widely used in amateur play. Selected information on the rackets is given below Standard S47.70 Deluxe Selling price per racket Variable expenses per racket 84.00 Production Selling S21.40 S2.45S 28.10 5.50 Sales in units over the past two months have been as follows; Deluxe 3,000 3,500 Standard April May 5,000 4,000 All sales are made through the company's...

  • You are the financial analyst for a tennis racket manufacturer. The company is considering using a...

    You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for 4 years. The equipment required for the project will be depreciated on a straight-line basis and has no salvage value. The required return for projects of this type is 12...

  • You are the financial analyst for a tennis racket manufacturer. The company is considering using a...

    You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphitelike material in its tennis rackets. The company has estimated the information in the following table about the market for a racket with the new material. The company expects to sell the racket for four years. The equipment required for the project has no salvage value and will be depreciated on a straight-line basis. The required return for projects of this type is 12...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT