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1)Trade Discounts ( Single Discounts) a
1)Trade Discounts ( Single Discounts) a. Complete the following: LIST DISCOUNT NIP RATE DISCOUNT RATE 5% NET INVOICE PRICE a. 158.75 b. 865.00 c. 1,300.00 d. 3,650.00 e. 725.00 f. 630.00 104.00 803.00 3% 8% 522.00 582.75 945.75 1,104.00 5,512.50 430.09 h. i. j. . 612.50 94.41 b. Complete the following: LIST DISCOUNT NIP RATE NET INVOICE PRICE DISCOUNT RATE 15% 22-% a. 563.50 b. 105.00 53.50 13.00 c. 428.00 d. 75.00 e. 229.95 f. 870.00 194.61 778.65 46.50 1,790.00 7% h. 101% i. j. 138.75 111.50 416.25 999.00
Expert Solution
| List | Discount rate | Discount | Net invoice price | NIP Rate |
| a.158.75 | 5% | 158.75*5% = 7.9375 | 158.75-7.9375 = 150.8125 |
100%-5% = 95% |
| b.865 | ||||
| c.1300 |
(104/1300)*100= 8% |
104 | 1300-104 = 1196 | 100%-8%=92% |
| d.3650 |
(803/3650)*100= 22% |
803 | 3650-803 = 2847 | 100%-22% =78% |
| e.725 |
(203/725)*100 = 28% |
725-522 = 203 | 522 | 100%-28% = 72% |
| f.630 |
(47.25/630 )*100= 7.5% |
630-582.75 = 47.25 | 582.75 | 100%-7.5% = 92.5% |
|
g.(945.75/97)*100= 975 |
3% |
975-945.75= 29.25 |
945.75 | 100%-3% = 97% |
|
h.(1104/92)*100= 1200 |
8% | 96 | 1104 | 100%-8%=92% |
|
i.5512.50+612.50= 6125 |
(612.50/6125)*100= 10% |
612.50 | 5512.50 | 100%-10%=90% |
|
j.430.09+94.41= 524.5 |
(94.41/524.5)*100= 18% |
94.41 | 430.09 | 100%-18%=82% |
Please note that for item b with only one variable others cannot be find
| List | Discount rate | Discount | Net invoice price | NIP Rate |
| a.563.50 | 15% | 563.5*15% = 84.525 | 563.50-84.525 = 150.8125 |
100%-15% = 85% |
| b.105 | 22.5% |
105*22.5% = 23.625 |
105-23.625= 81.375 |
100%-22.5%=77.5% |
| c.428 |
(53.5/428)*100= 12.5% |
53.5 | 428-53.5 = 374.5 | 100%-12.50%=87.5% |
| d.75 |
(13/75)*100= 17.33% |
13 | 75-13= 62 | 100%-17.33% =82.66% |
| e.229.95 |
(35.34/229.95)*100 =15.37% |
229.95-194.61 = 35.34 | 194.61 | 100%-15.37%=84.63% |
| f.870 |
(91.35/870) *100= 10.5% |
870-778.65 = 91.35 | 778.65 | 100%-7.5% = 92.5% |
|
g.(46.5/93)*100= 50 |
7% |
50-46.5= 3.5 |
46.5 | 100%-7%=93% |
|
h.(1790/89.5)*100=2000 |
10.5% | 2000-1790=210 | 1790 | 100%-10.5%=89.5% |
|
i.416.25+138.75= 555 |
(138.75/416.25)*100= 25% |
138.75 | 416.25 | 100%-25%=75% |
|
j.999+111.5= 1110.5 |
(111.5/1110.5)*100= 10.04 |
111.5 | 999 | 100%-10.04%= 89.96% |
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