BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Find the trade discount for 498 handbags if the unit is $30.45 and a trade discount of 15% is allowed.
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$4.57
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$2, 274.62
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$74.70
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$12, 889.49
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Explanation:
Detailed explanation-1: -Formula: How Is Trade Discount Calculated? A trade discount, or a functional discount, is deducted from a seller’s original catalogue list price either as a specific monetary amount or a percentage reduction, in which case the trade discount amount is calculated by multiplying the list price by the discount percentage.
Detailed explanation-2: -One affiliate orders 500 blue, for which “k” allows a 30% trade discount. Subsequently, the complete retail cost of 1, 000 rupees is decreased to 700 rupees, which is the sum that “K” bills to the affiliate. The exchange rebate is, thusly, 300 rupees.
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