An Amusement park purchased equipment from a manufacturer for a list price of $42,000.00 minus trade discounts of 30/20/15. Calculate the amount of the trade discount on the purchase.
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ngs for $213.90. The jeweler uses a 130% markup
based on cost. Based on this information, what was the wholesale cost of the earrin
To calculate the amount of the trade discount on the purchase, you need to apply each discount one by one.
1. Start with the list price of $42,000.00.
2. Apply the first trade discount of 30%. To calculate this discount, multiply the list price by 30% or 0.30: $42,000.00 * 0.30 = $12,600.00.
3. Subtract the first trade discount from the list price to find the net price after the first discount: $42,000.00 - $12,600.00 = $29,400.00.
4. Apply the second trade discount of 20%. To calculate this discount, multiply the net price after the first discount by 20% or 0.20: $29,400.00 * 0.20 = $5,880.00.
5. Subtract the second trade discount from the net price after the first discount to find the net price after the second discount: $29,400.00 - $5,880.00 = $23,520.00.
6. Apply the third trade discount of 15%. To calculate this discount, multiply the net price after the second discount by 15% or 0.15: $23,520.00 * 0.15 = $3,528.00.
Therefore, the amount of the trade discount on the purchase is $3,528.00.