Suppose the catalog price of an item is $475 and the trade-discount rate is 15%. What is the correct setup to find net price?

1 answer:

7 0

The formula is
Net price= list price-trade discount

List price 475

Trade discount=list price×trade discount rate
Trade discount=475×0.15=71.25
Net price=475−71.25=403.75

But your options are in different way
To find The net price after the trade discount is 85% (100%-15%)
So the correct setup to find net price is C. Net Price = $475 * 85%
Net price=475×0.85=403.75

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In 2011, Americans spent approximately $50.9 billion on their pets. Of this amount, $14.1 billion was for veterinarian bills. Wh

alex41 [277]

Answer: The percent of the total was spent on veterinarian bills is 27.70% ( approx).

Step-by-step explanation:

Given, In 2011, Americans spent approximately $50.9 billion on their pets.

i.e. Total amount they spent on pets = $50.9 billion

Amount spent for veterinarian bills. = $14.1 billion was for veterinarian bills.

Then, the percent of the total was spent on veterinarian bills would be :

$\dfrac{\text{Amount spent for veterinarian bills. }}{\text{Total amount they spent on pets}}\times100\\\\=\dfrac{14.1}{50.9}\times100\\\\=27.7013752456\approx27.70\%$