Question

Calculate the trade discount Trade discount =list prices x trade discount rate. Net price =list price-trade discount.The list price for watches is $50. The trade discount rate is 10%. What is the trade discount in dollars? What is the net price?

Answer 1

The trade discount on a $50 watch at a 10% rate is $5. After applying the trade discount, the net price of the watch would be $45.

Step-by-step explanation:

The student has asked two questions:

1. What is the trade discount in dollars for watches with a list price of $50 and a trade discount rate of 10%?
2. What is the net price after applying the trade discount?

To calculate the trade discount, we use the formula:

Trade Discount = List Price × Trade Discount Rate

The trade discount in dollars is $50 × 10%, which equals $5.

Next, we find the net price by subtracting the trade discount from the list price:

Net Price = List Price - Trade Discount

The net price is $50 - $5, which equals $45.

Answer 2

Explanation

We are asked to find the trade discount and net price

To do so, we will have the following

Step 1: Calculate the trade discount

`Trade\text{ }discount=listprices\text{ }* trade\text{ }discount\text{ }rate`

In our case

`\begin{gathered} list\text{ price = \$50} \\ trade\text{ discount rate = 10 \%} \end{gathered}`

Thus, the trade discount will be

`Trade\text{ discount= \$50}*(10)/(100)=\text{ \$50}*0.1=\text{ \$5}`

Trade Discount = $5

Step 2: Calculate the net price

`Net\text{ }price=list\text{ }price-trade\text{ }discount.`

The net price will be

`Net\text{ price = \$50 - \$5 = \$45}`

The Net Price will be $45