Question

A vendor is selling microwavable serving bowls at a listing price of $425 less a 42% trade discount. You order 500 dozen sets of the bowls at the list price of $425, how much money (in $) will be saved with a 42% discount.

Answer 1

Therefore, the total amount of money saved with a 42% trade discount on an order of 500 dozen microwavable serving bowls at a list price of $425 per set is $1,071,000.

Explanation:

To calculate the amount of money saved with a 42% trade discount, we first need to find the discount amount.

The list price of the microwavable serving bowls is $425 per set. The trade discount is 42%, which means that the vendor is offering a discount of 42/100 x $425 = $178.50 per set.

To find the total savings for an order of 500 dozen sets (1 dozen = 12 sets), we need to multiply the discount per set by the number of sets and then by the number of dozens:

Total savings = Discount per set x Number of sets x Number of dozens

Total savings = $178.50 x 500 x 12

Total savings = $1,071,000