Businesses that sell goods need to purchase inventory. Sometimes a manufacturer of those goods suggests or even requires a certain retail price.

Post 1: Initial Response

Congratulations! You own your own business. Your business is looking to purchase inventory to sell. Find one item online for your business to sell. Include the URL to the item you are purchasing in your post. Use the online price for your chosen item as your list price and assume you can purchase that item for your business at a 30% trade discount. Calculate the trade discount amount your business will receive if it purchases 50 of these inventory items. Then calculate the net price for the 50 inventory items. Show all steps used in your calculations.

Describe your business in your post with a summary paragraph. Be creative! Using several sentences, discuss your chosen inventory item and whether or not you feel a 30% trade discount will allow your business to make a profit selling this item.

Include these items in your post:

• Name of your business
• URL, online price of item
• Trade discount amount on 50 items
• Net price of 50 items
• Steps used for your calculations
• Summary paragraph

Answer rating: 100% (QA)

Markup refers to the difference between the products selling price and its cost Using the average ... View the full answer