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27 January, 07:57

A wholesale business sells goods with a list price of $1,200 and a trade discount of 30 percent. the net price is

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  1. 27 January, 10:37
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    The net price is $840

    Explanation:

    This question wants to test your ability to convert from percentage to amount, this is shown below:

    Percentage = 30% = 0.3

    List price = $1,200

    discount price = 30% of 1,200 = 0.3 * 1,200 = $360

    Therefore, net price = list price - discount = 1,200 - 360 = $840.
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