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

Name: Roland Corporation buys stoves from a wholesaler. The list price of a stove is $900, with a trade discount of 30%. The net price is:
Brand: Quizplus
Rating: 4.9 (63 reviews)

Question

Quizplus · Accepted Answer

To find the net price, we need to use the formula:
Net Price = List Price - (List Price x Trade Discount %)
Plugging in the given values:
Net Price = $900 - ($900 x 0.30)
Net Price = $630
Therefore, the net price of the stove is $630.

Roland Corporation Buys Stoves from a Wholesaler