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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?

User Rob N
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2 Answers

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Final answer:

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.

User Marcus Recck
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8.7k points
3 votes

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

User Richard Collette
by
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