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A 28% trade discount on a camera represents a discount of $140.00 from the suggested retail price. What is the net price to the buyer? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Question

A 28% trade discount on a camera represents a discount of $140.00 from the suggested retail price. What is the net price to the buyer? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Solution

To find the net price of the camera, we first need to determine the original price before the discount.

Step 1: If 28% represents 140,then1140, then 1% represents 140/28 = $5.

Step 2: Therefore, the original price of the camera (100%) is 5100=5 * 100 = 500.

Step 3: The net price to the buyer after the discount is the original price minus the discount. So, 500500 - 140 = $360.

So, the net price to the buyer is $360.00.

This problem has been solved

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