Merchandise with a net price of $1,400.00 and a trade discount rate of 30 percent has a list price of $2,000.00.

Question

Quizplus · Accepted Answer

The net price is found by taking the list price and subtracting the trade discount amount. Therefore, if the net price is $1,400.00 and the trade discount rate is 30 percent, then the list price must be $2,000.00. The calculation is: $2,000.00 - (30% x $2,000.00) = $1,400.00.

Merchandise with a Net Price of $1,400