A wholesale business sells goods with a list price of $1,200 and a trade discount of 30 percent. The net price is
A)$1,560.
B)$360.
C)$840.
D)$1,200.

Question

Quizplus · Accepted Answer

To find the net price of the goods, we need to subtract the trade discount from the list price:
Discount = 30% of $1,200 = 0.3 x $1,200 = $360
Net price = List price - Discount = $1,200 - $360 = $840. Therefore, the answer is choice C, $840.

A Wholesale Business Sells Goods with a List Price of $1,200