Bob's Motorcycle shop buys some seats and handle bars with a list price of $5,020. The supplier extends a 32% trade discount rate. What is the net price?

Question

Quizplus · Accepted Answer

The net price is calculated by subtracting the discount from the list price. The discount is 32% of $5,020, which is $1,606.40 ($5,020 * 0.32). Therefore, the net price is $5,020 - $1,606.40 = $3,413.60.

Bob's Motorcycle Shop Buys Some Seats and Handle Bars with a List