Calculate the Net Price Factor and Net Price Using the Complement

question 89

Short Answer

Calculate the net price factor and net price using the complement method, rounding to the nearest cent: $$\begin{array} { l l l l } \text { List Price } & \text { Trade Discount Rate } & \text { Net Price Factor } & \text { Net Price } \\\$ 8,299.00 & 28 \%\end{array}$$

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Definitions:

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price within a specific time period.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Increase

A rise in the quantity, size, number, or degree of something.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at any given price.