Homework Answers
(a)-The net price of the skateboards
The net price of the skateboards = List price x [(1 – 0.09) x (1 – 0.07) x (1 – 0.06)]
= $635.00 x [0.91 x 0.93 x 0.94]
= $635.00 x 0.795522
= $505.16
(b)-The trade discount amount
The trade discount amount = List Price x [1 – 0.795522]
= $635.00 x 0.204478
= $129.84
Or the trade discount amount = List price – Net Price
= $635.00 - $505.16
= $129.84
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