Question

The list price is $74.13. Trade discount of 7/21. Find net cost

Answer 1

Answer: $Net\ cost=\ 49.42$

Step-by-step explanation:

You need to analize the information given in the exercise.

In this case you know that the List price is:

$List\ price=\ 74.13$

And, based on the data given, you also know that the Trade discount is:

$Trade\ discount=\frac{7}{21}$

Then, the first step you need to apply is to multiply the List price by the Trade discount, as you can observe below:

$(\ 74.13)\frac{7}{21}=\ 24.71$

 Now it is important to remember that, by definition, the Net cost can be found by subtracting the List price  (which in this case is $74.13) and the product of the List price and the Trade discount (which in this case is $24.71).

Then, through this procedure, you get the following Net cost:

$Net\ cost=\ 74.13-\ 24.71\\\\Net\ cost=\ 49.42$