tourist trap souvenir shop orders 20 t - shirts with a list price of $10.50. a trade discount of 20% is…
tourist trap souvenir shop orders 20 t - shirts with a list price of $10.50. a trade discount of 20% is offered. what is the total list price of the order? $ how much is the total trade discount? $ what is the total net price of the order? $ question help: message instructor
Answer
Explanation:
Step1: Calculate total list price
The list - price of one T - shirt is $10.50 and the number of T - shirts is 20. So the total list price is the product of the unit list price and the quantity. $10.50\times20 = 210$
Step2: Calculate total trade discount
The trade discount rate is 20% or 0.2. The total trade discount is the product of the total list price and the discount rate. $210\times0.2=42$
Step3: Calculate total net price
The total net price is the total list price minus the total trade discount. $210 - 42=168$
Answer:
Total list price: $210 Total trade discount: $42 Total net price: $168