Question

Craig Milton needs to order for his company int the catalog a 20% traidor discount is offered for a price of $481.60 what is the net price

Answer 1

Net price = $385.28

Explanation:

Trade Discount - It is the discount given by buyer to seller, as a reduction in list price, when huge (bulk) orders transactions are made.

List price = 481.60

Trade Discount = 20%

So, Trade Discount = 20 / 100 (481.60) = 96.32

Net price = List price - Trade Discount = 481.60 - 96.32 = 385.28