Question

Runs a glassware shop. She buys glasses from National Stemware and Accessories. The company grants a 40% trade-discount rate to all retail outlets. Use the complement method to determine how much Harper pays for a case of 48 glasses that retails for $145.

A. $58.80
B. $87.00
C. $72.00
D. $63.00

Answer 1

Harper pays $87.00 for a case of 48 glasses after a 40% trade discount from National Stemware and Accessories, calculated using the complement method.

Step-by-step explanation:

To determine how much Harper pays for a case of 48 glasses that retails for $145 using the complement method, we first calculate the complement of the 40% trade-discount rate offered by National Stemware and Accessories. The complement is 100% - 40% = 60%. So, Harper pays 60% of the retail price.

The calculation is as follows:

• Retail price of the glasses: $145
• Trade-discount rate (complement of 40%): 0.60
• Price paid by Harper: $145 * 0.60 = $87

Therefore, Harper pays $87.00 for the case of 48 glasses.