In addition to the regular trade discount of 25% and a volume purchase discount of 8 
% from the manufacturer, Appliance Warehouse is offered a further 5% discount for orders placed in January.
a) What is the net price after all three discounts on refrigerators listed at $1,195?
b) What is the list price on an electric range whose net price works out to be $470.25?
c) What single trade discount is equivalent to the three trade discounts?
d) After the regular and volume discounts are both taken, what dollar amount of savings does the extra discount for January orders represent on a $1,000 list price item?
Definitions:
Insight Learning
Learning that occurs suddenly through understanding the relationships between various parts of a problem.
Trial And Error
A problem-solving method that involves attempting different solutions and eliminating those that fail to solve the problem until the correct one is found.
Latent Learning
Learning that occurs without any obvious reinforcement or immediate demonstration of understanding, becoming apparent only when it is needed.
Classical Conditioning
An associative learning process where the consistent pairing of two stimuli facilitates a response that initially originates from the second stimulus but later originates from the first stimulus alone.
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