3. Auto Repair, Inc. buys parts from Auto Parts, Inc. Listed in the table below are the list prices and trade discount rates for five parts from Auto Parts. Calculate the trade discounts and the net prices for each product. Write the results in the proper cell of the table. List Price Product AB593187 (S) 65.20 AB593592 83.50 AB627846 AB784678 27.64 75.75 AB983456 108.50 Trade Discount Rate (%) 30 40 20 25 Trade Discount (S) Net Price (S) 20
3. Auto Repair, Inc. buys parts from Auto Parts, Inc. Listed in the table below are the list prices and trade discount rates for five parts from Auto Parts. Calculate the trade discounts and the net prices for each product. Write the results in the proper cell of the table. List Price Product AB593187 (S) 65.20 AB593592 83.50 AB627846 AB784678 27.64 75.75 AB983456 108.50 Trade Discount Rate (%) 30 40 20 25 Trade Discount (S) Net Price (S) 20
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Auto Repair, Inc. buys parts from Auto Parts, Inc. Listed in the table below are the list prices and trade discount rates for five parts from Auto Parts. Calculate the trade discounts and the net prices for each product. Write the results in the proper cell of the table.
List Price
Product
AB593187
(S) 65.20
AB593592
83.50
AB627846
AB784678
27.64
75.75
AB983456
108.50
Trade Discount Rate
(%)
30
40
20
25
Trade Discount (S)
Net Price (S)
20
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