Question

Eastco buys televisions from a manufacturer. The list price of a television is $460.00 with a trade discount of 30 percent. The net price of a television is? A. $422.00. B. $233.00. C. $138.00. D. $322.00.

Answer 1

$322.00

Explanation:

Net price = list price − trade discount N = L − T

First, figure out the Trade discount by multiplying the list price by the discount. Put the discount into decimal form.

T = $460.00 × 0.3 = $138.00

Next, LP - T

NP= $460.00 - $138.00 = $422.00

Answer 2

Answer: D. $322

Explanation: