QuestionDJI manufactures the Mavic Air 2 quadcopter and offered a chain discount to primary customers. Drone Nerds is a primary customer and ordered 20 Mavic Air 2's for a total list price.
Required:
a. What was the net price of the quadcopters?
Note: Do not round intermediate calculations. Round your final answer to the nearest cent.
Net price
b. What was the trade discount amount?
Note: Do not round intermediate calculations. Round your final answer to the nearest cent.
Trade discount
Studdy Solution
STEP 1
1. The list price of 20 Mavic Air 2 quadcopters is 5\%3\%2\%$.
3. The net price is calculated by applying each discount sequentially to the remaining amount after the previous discount.
4. The trade discount amount is the difference between the list price and the net price.
5. All calculations should be performed without intermediate rounding, and the final results should be rounded to the nearest cent.
STEP 2
1. Calculate the price after the first discount of .
2. Calculate the price after the second discount of on the new amount.
3. Calculate the price after the third discount of on the new amount.
4. Determine the net price of the quadcopters.
5. Calculate the trade discount amount by subtracting the net price from the list price.
STEP 3
Calculate the price after the first discount of .
The first discount amount is:
The new price after the first discount is:
STEP 4
Calculate the price after the second discount of on the new amount.
The second discount amount is:
The new price after the second discount is:
STEP 5
Calculate the price after the third discount of on the new amount.
The third discount amount is:
The new price after the third discount is:
STEP 6
Determine the net price of the quadcopters.
The net price is:
STEP 7
Calculate the trade discount amount by subtracting the net price from the list price.
The trade discount amount is:
The net price of the quadcopters is \$23479.82.
The trade discount amount is \$2520.18.
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