Question

Calculate the trade discount amount of goods with a list price of $29,000 less trade discounts of 40 1/2 / 20 1/4 / 5

Answer 1

Answer: $15927.183

Step-by-step explanation:

Price of good= $29,000

Trade discount = 40½ 20¼/5

The first discount will be:

= 40½ × $29000

= $11745

Then, the price after the first discount will be:

= $29000 - $11475

= $17255

Then, the second discount will be:

= $17255 × 20¼%

= $3494.14

Then, the price after the second discount will be:

= $17255 - $3494.14

= $13760.86

The third discount will be:

= $13760.86 × 5%

= $688.043

Then, the total discount will be:

= $11745 + $3494.14 + $688.043

= $15927.183

Therefore, the trade discount is $15927.183.