ACCOUTNING QUESTION HELP PLZ

Question

Calculate the trade discount for 60 boxes of computer paper if the unit price is $15.97 and a single trade discount rate of 15% is allowed.

Answer 1

The discount is the amount taken off of the total price; that is, it's 15% of the total price:

 

(60 boxes) x ($15.97) x (0.15)

 

The discounted price is what you pay after applying the discount:

 

(60 boxes) x ($15.97) x (1 - 0.15)