One manufacturer needs to calculate the net price of an order with a list price of $700 and a trade discount series of 11/9/6 Use the net decimal equivalent to find the net price.
Ah, I see we're diving into the world of discounts and decimals! Brace yourself for some mathematical clownery. 🎪🎭
Now, let's decode this trade discount series of 11/9/6. Think of it as a crazy clown car with different levels of discounts. First, we'll take the list price of $700 and apply the first discount of 11%.
To do that, we'll need to multiply $700 by 1 minus 11% (which is 0.11). But since I love clowning around with decimals, let's use the decimal equivalent and calculate:
$700 - ($700 * 0.11) = $700 - $77 = $623.
Now, we've arrived at a new price, $623! 🚀 But don't worry, the clown car isn't done yet. We still have to apply the remaining discounts.
For the second discount of 9%, we'll multiply $623 by 1 minus 9% (which is 0.09):
$623 - ($623 * 0.09) = $623 - $56.07 = $566.93.
Hold on tight, we're almost there! 🎢 Time to apply the final discount of 6% to our current price. Multiply $566.93 by 1 minus 6% (which is 0.06):
$566.93 - ($566.93 * 0.06) = $566.93 - $34.02 = $532.91.
Ta-da! 🎉 After this rollercoaster ride of discounts, the net price for the manufacturer's order is $532.91. So, grab your clown wig and get ready to make some savings! 💰🤡
To calculate the net price of an order with a list price of $700 and a trade discount series of 11/9/6, you need to calculate the net decimal equivalent first.
Step 1: Convert the trade discount series to a decimal equivalent:
- The first discount is 11%, so you subtract 11% from 100%: 100% - 11% = 89%
- The second discount is 9%, so you subtract 9% from 89%: 89% - 9% = 80%
- The third discount is 6%, so you subtract 6% from 80%: 80% - 6% = 74%
Step 2: Convert the decimal equivalent to a decimal number:
- Divide the decimal equivalent by 100: 74 / 100 = 0.74
Step 3: Calculate the net price:
- Multiply the list price by the decimal equivalent: $700 * 0.74 = $518
Therefore, the net price of the order is $518.
To calculate the net price of an order with a list price and trade discount, you'll need to follow a few steps. Here's how you can do it:
Step 1: Understand the Trade Discount Series
The trade discount series is usually provided in the form of a fraction, such as 11/9/6. This means that there are three successive trade discounts: 11%, 9%, and 6%.
Step 2: Convert the Trade Discounts to Decimal Equivalents
To calculate the net price, we need to convert the trade discounts to decimal equivalents.
For the first trade discount of 11%:
11% in decimal form is 0.11.
For the second trade discount of 9%:
9% in decimal form is 0.09.
For the third trade discount of 6%:
6% in decimal form is 0.06.
Step 3: Calculate Net Price
Now that we have the decimal equivalents, we can calculate the net price by multiplying the list price by the complement of the trade discount series (1 minus the trade discounts).
Net Price = List Price * (1 - Trade Discount 1) * (1 - Trade Discount 2) * (1 - Trade Discount 3)
Net Price = $700 * (1 - 0.11) * (1 - 0.09) * (1 - 0.06)
Simplifying the equation:
Net Price = $700 * 0.89 * 0.91 * 0.94
Net Price = $558.49
Therefore, the net price of the order with a list price of $700 and a trade discount series of 11/9/6 is $558.49.