This question is for business math using the single trade discount and net price.   Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount.     Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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This question is for business math using the single trade discount and net price.

 

Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.)

A treadmills list price is $3,000. Use the chain discount of 9/4 to get the net price and the single trade discount.

 
 
Please explain how I work out both the single trade discount and the net price using the list price and the chain discount. So I can learn how to work out a problem like this for my midterm next week. For the net price, I got $180.00 but I am not sure if that is right.
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