1. Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 37% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount.

(a)

Which vendor is offering the lower net price?

A. Brand A

B. Brand B

(b)If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?

$ ______

2. A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 35/30/5, find the net price using the net price factor, complement method.

$ ______