College

We appreciate your visit to Ryobi Limited sold a set of saws to Ace Hardware The list price was 3 800 Ryobi offered a chain discount of 8 3 1. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Ryobi Limited sold a set of saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. What is the net price of the saws?

Answer :

Final answer:

The net price of the set of saws after applying the chain discount of 8/3/1 on the list price of $3,800 is $3,357.21.

Explanation:

The student is asking how to calculate the net price of a set of saws sold by Ryobi Limited to Ace Hardware after applying a chain discount of 8/3/1 on the list price of $3,800. A chain discount is a series of discounts applied one after the other on the remaining balance.

To calculate the net price, we start with the list price and apply the first discount of 8%. Then, we apply a second discount of 3% to the new subtotal. Finally, we take the remaining amount and apply a third discount of 1%. The resulting amount is the net price that Ace Hardware would pay for the saws.

Calculation:

  • List price: $3,800
  • First discount (8%): $3,800 * 0.08 = $304
  • Subtotal after first discount: $3,800 - $304 = $3,496
  • Second discount (3%): $3,496 * 0.03 = $104.88
  • Subtotal after second discount: $3,496 - $104.88 = $3,391.12
  • Third discount (1%): $3,391.12 * 0.01 = $33.91
  • Net price: $3,391.12 - $33.91 = $3,357.21

Therefore, the net price that Ace Hardware will pay for the set of saws is $3,357.21.

Thanks for taking the time to read Ryobi Limited sold a set of saws to Ace Hardware The list price was 3 800 Ryobi offered a chain discount of 8 3 1. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada