An item with a trade discount of 41% has a list price of $289.50. What is the net price?
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To find the net price, we need to calculate the discount amount first.
The discount amount can be found by multiplying the list price by the trade discount percentage:
Discount amount = List price * Trade discount percentage
Discount amount = $289.50 * 0.41
Discount amount = $118.695
To calculate the net price, we subtract the discount amount from the list price:
Net price = List price - Discount amount
Net price = $289.50 - $118.695
Net price = $170.805
To find the net price, which is the price after deducting the trade discount from the list price, you can follow these steps:
1. First, calculate the trade discount amount. Since the trade discount is given as 41% and the list price is $289.50, you can find the discount amount by multiplying the list price by the trade discount percentage:
Trade Discount = List Price × Trade Discount Percentage
Trade Discount = $289.50 × 0.41
2. Simplify the calculation:
Trade Discount = $118.89
3. Subtract the trade discount amount from the list price to get the net price:
Net Price = List Price - Trade Discount
Net Price = $289.50 - $118.89
4. Perform the subtraction:
Net Price = $170.61
Therefore, the net price of the item, after a 41% trade discount, is $170.61.