1. We can see here in all 50 states, the retail industry supports at least one in every: B. 10 jobs.
2. The statement that is true is: C. 88.6% of all Retail Businesses employ fewer than 50 employees.
What is a retail industry?The retail industry refers to the sector of the economy that encompasses businesses involved in the sale of goods or services directly to consumers. It involves the process of purchasing goods or services from manufacturers, wholesalers, or suppliers and selling them to individual customers for personal use.
Retailers play a crucial role in connecting producers or suppliers with consumers.
According to the information provided, 88.6% of all retail businesses employ fewer than 50 employees. This highlights the significant presence of small businesses and entrepreneurs in the retail industry.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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