Marco, the purchasing manager at a distribution company, was asked to source steel tubes. He received the following quotes from vendors: Vendor A: $20,600, offering trade discount rates of 10%, 8%, and 7.5%; Vendor B: $20,600, offering trade discount rates of 11% and 10%; Vendor C: $20,600, offering a trade discount rate of 20%.

a. What is the net price in each case?

b. Whose offer is the least expensive?

AppendixLO1