1 A clothing distributor in Ajax, Ontario sells a designer suit for $1,515 less a discount of 35.00%. Another distributor in Oshawa, Ontario sells a similar designer suit for $1,430 less a discount of 23.00%. a. Which distributor offers the cheaper price for the suit? Ajax Seller Oshawa Seller b. What further trade discount should the distributor with the more expensive suit offer to match the price of the suit offered by the other distributor? 2 Marissa paid $200.23 for a printer that she purchased after receiving trade discounts of 9%, 7%, and 2%. a. What was the list price of the printer? Round to the nearest cent b. What single equivalent trade discount rate represents the series of discounts received?
1 A clothing distributor in Ajax, Ontario sells a designer suit for $1,515 less a discount of 35.00%. Another distributor in Oshawa, Ontario sells a similar designer suit for $1,430 less a discount of 23.00%. a. Which distributor offers the cheaper price for the suit? Ajax Seller Oshawa Seller b. What further trade discount should the distributor with the more expensive suit offer to match the price of the suit offered by the other distributor? 2 Marissa paid $200.23 for a printer that she purchased after receiving trade discounts of 9%, 7%, and 2%. a. What was the list price of the printer? Round to the nearest cent b. What single equivalent trade discount rate represents the series of discounts received?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
1
A clothing distributor in Ajax, Ontario sells a designer suit for $1,515 less a discount of 35.00%. Another distributor in Oshawa, Ontario sells a similar designer suit for $1,430 less a discount of 23.00%.
a. Which distributor offers the cheaper price for the suit?
Ajax Seller
Oshawa Seller
b. What further trade discount should the distributor with the more expensive suit offer to match the price of the suit offered by the other distributor?
2
Marissa paid $200.23 for a printer that she purchased after receiving trade discounts of 9%, 7%, and 2%.
a. What was the list price of the printer?
Round to the nearest cent
b. What single equivalent trade discount rate represents the series of discounts received?
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