Question

Roland Corporation buys stoves from a wholesaler. The list price of a stove is $900, with a trade discount of 30%. What is the net price?

Answer 1

it is 900-270= 630. hope u get iit if u don't pls ask then

Answer 2

Given:

The list price of the stove = $ 900

The rate of the trade discount = 30%

To find:

The net price or sale price of the stove

Solution:

We know that the sale price or the net price of an item is the final price that is paid by the customer after the discount.

Therefore we can deduce the formula for calculating the sale price as:

Sale Price = List Price - Discount ...... (i)

and

The formula for calculating the discount is given as:  

Discount =  [ $\frac{Discount\: Percentage}{100}$ ] × List Price ....... (ii)

Now, combining both the formulas in (i) & (ii), we will calculate the original price or the marked price as,

Sale price = List Price - [ $\frac{Discount\:Percentage}{100}$ × List Price ]

we will now substitute the given values:

Sale price =  900 - [ $\frac{30}{100}$ × 900 ]

⇒   Sale Price = 900 - [ 0.3 × 900 ]

⇒  Sale Price = 900 - 270

⇒   Sale Price = $ 630

Thus, the net price of the stove is $ 630.

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