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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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