What Is the Net Price of an Item If the 17.5

question 246

Multiple Choice

What is the net price of an item if the 17.5% trade discount is equal to $32.44?

• A) $381
• B) $185
• C) $153
• D) $217
• E) $92

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Definitions:

Life Cycle Cost

Encompasses all costs associated with a product or asset over its entire life, from acquisition through disposal.

Cost-plus Price

An approach where the selling price of a product is fixed by appending a set markup to the product’s per-unit cost.

Appraisal Costs

Costs associated with the inspection and testing of materials and products to ensure quality standards are met.

Defects

Imperfections or faults in a product that cause it to be unsuitable for its intended use or significantly reduce its usability.