F.C. Industries has a list price of $16,500.00 for its product. A trade discount of 18% is offered. Based on this information, the net price would be $2,970.00.

Question

Quizplus · Accepted Answer

To find the net price after the trade discount, you need to subtract the discount amount from the list price.

Discount amount = 18% × $16,500.00 = $2,970.00
Net price = List price - Discount amount
Net price = $16,500.00 - $2,970.00
Net price = $13,530.00

FC Industries Has a List Price of $16,500