Business Mathematics

September 20, 2021

C hapter 10 - BUYING

I. Solve the following problems

1. Net Price = List Price - Trade Discount
Trade Discount = List Price - Net Price
Trade Discount = ₱160 - ₱100
Trade Discount = ₱60
2. Electronics Wholesaler
Trade Discount = ₱4000 x .20%
=₱800
Trade Discount = 4000 x 6 ¾%
=180
Total Trade Discount = 800 + 180 = 980
Competing Wholesaler
Trade Discount = 3500 x 10%
= 350
Additional rate of discount needed
=980 - 350
=630/3500 x 100%
=18%
3. Net Price = List Price x (1 - discount rate)
List Price = Net Price / 1 - discount rate
= 24 / 1 - 25%
List Price = 32
Trade Discount = List Price x discount rate
= 32 x 25%
Trade Discount = 8
4. Trade Discount = List Price x discount rate
= 649.50 x 33 1/3 %
Trade Discount = 71.445
Net Price = List Price (1 - 33 1/3%)
= 649.50 (1 - .11)
Net Price = 578.055
5. Trade Discount = 21,150 x 16 2/3%
= 2,241.9
Trade Discount = 21,150 x 7 1/2%
= 740.25
Total Trade Discount = 2241.9 + 740.25
= 2,982.15
Net Price = 21,150 - 2982.15 = 18,167.86
6. Net Price = List Price x (1 - discount rate)
List Price = Net Price / 1 - discount rate
 List
7.
8.
9.