Answer:
The answer is $6844.8
Explanation:
Solution
Given that:
Price list = $17,000
Supplier extends trade discounts of =42/22/11
The next step is to find the net price by making use of the complement method given below:
In complement method, we multiply the list price by (1-d/100)
where d is =the discount
Thus
The net price = (1-0.11)(1-0.22)(1-0. 42)*17000
The net price = (0.89) (0.78)(0.58) * 17000
= $6844.8
Hence the net price is $6844.8
