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What should bernie pay for each bike

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Bernie's bike shop receives the following trade discounts35/25/15. The vendor's pricelist indicates that 35 percent of list price is for purchasing bikes in quantities of 100 or more, 25 percent off list price is for assembling the bikes for customers, and 15 percent is for sales promotion and local advertising.

Problem a. If the manufacturer's list price is $470, what should Bernie pay for each bike if he orders 110 bikes at a time, assembles the bikes, and displays and advertises them?

Problem b. What is Bernie's single equivalent discount rate?

Problem c. How much will Bernie pay the manufacturer for each bike if he orders 10 bikes at a time and takes advantage of the other discounts?

Reference no: EM132672065

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