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BM427 Trade Discounts (#2)

Last updated about 5 years ago

14 questions

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Question 1

1.

The list price of a 65-inch TV is $1,480 and the amount of the trade discount is $301. Calculate the net price of the television.

Question 2

2.

Calculate the amount of the trade discount of a cleaning supply order with a list price of $855 and a single trade discount of 12%.

Question 3

3.

The list price of a laminating machine is $76 and the single trade discount rate is 25%. Calculate the amount of the trade discount.

Question 4

4.

The list price of a laminating machine is $76 and the single trade discount rate is 25%. Using the amount of the trade discount from #3 (your answer), calculate the net price.

Question 5

5.

The list price of a fax machine is $480 and the single trade discount rate is 15%. Calculate the amount of the trade discount.

Question 6

6.

The list price of a fax machine is $480 and the single trade discount rate is 15%. Using the amount of the trade discount from #5 (your answer), calculate the net price.

Question 7

7.

The list price on skirts is $32 and the list price on corduroy jackets is $47. Pettit's Clothing Store orders 30 skirts and 40 jackets at a discount rate of 11%. Calculate the total amount of the trade discount for the purchase.

Question 8

8.

The list price on skirts is $32 and the list price on corduroy jackets is $47. Pettit's Clothing Store orders 30 skirts and 40 jackets at a discount rate of 11%. Using your answer from #7 (the total amount of the trade discount), calculate the total net price for the purchase.

Question 9

9.

A stationary shop bought 10 boxes of writing paper that had a list price of $12 per box and 200 greeting cards that had a list price of $4 per card. The single trade discount rate for the purchase was 15%. Calculate the total amount of the trade discount.

Question 10

10.

A stationary shop bought 10 boxes of writing paper that had a list price of $12 per box and 200 greeting cards that had a list price of $4 per card. The single trade discount rate for the purchase was 15%. Using your answer from #9 (the total amount of the trade discount), calculate the total net price for the purchase.

Question 11

11.

Ralph's Retail News Store can purchase travel coffee mugs from the manufacturer at a list price of $3.50 per mug with a trade discount of 16%. If Ralph buys two dozen mugs, calculate the net price of his order.

Question 12

12.

Papa's Dodge just ordered six 2021 Dodge Vipers. The MSRP (list price) on a new Dodge Viper is $145,000. The Dodge manufacturer offered a trade discount of 8%. Calculate the total trade discount amount for this order.

Question 13

13.

Papa's Dodge just ordered 6 2021 Dodge Vipers. The MSRP on a new Dodge Viper is $145,000. The Dodge manufacturer offered a trade discount of 8%. Using your answer from #12 (the total trade discount amount), calculate the total net price for this order.

Question 14

14.

Best Buy is offered a trade discount rate of 22% from Sony. The list price for a PS5 console is $499 and the list price of a Sony 40" LCD TV is $450. Recently Best Buy ordered 40 PS5 consoles and 25 40" LCD TVs. Calculate the total net price for the order.