Calculate the net price for 30 boxes of computer paper if the unit price is $14.06 and a single trade discount rate of 30% is allowed.

Question

Calculate the net price for 30 boxes of computer paper if the unit price is $14.06 and a single trade discount rate of 30% is allowed.

 

The net price is?

Answer 1

Since the unit price is $14.06, we can find the total cost by multiplying that by 30, to give

us $421.80 if there were no discount.

 

We can find the discount price in two equivalent ways, either by finding 30% of 421.80 and subtracting that,

or by finding 100% - 30% = 70%. That is, the new price will be 70% of the old price. Since they want

the new price, and not the discounted amount, it is simpler to use 70%

 

70% = 70/100 (per cent, meaning out of 100, cent being the latin root for 100), or 0.7.

 

0.7 x 421.80 = $295.26, which is the discount price.

 

Dorene O