Mavis Industries sells industrial fans that have a list price of $587.50. The trade discount that they offer to Don Ellis Construction is 37%. What is the net price?
A) $217
B) $370
C) $551
D) $625
E) $806

Question

Quizplus · Accepted Answer

The net price is calculated by subtracting the discount from the list price. The discount is 37% of $587.50, which is $217.375. Subtracting this from the list price gives a net price of $370.125, which rounds to $370.

Mavis Industries Sells Industrial Fans That Have a List Price