Welcome to Knoxville Adventure LLC. We are your one-stop shop for premium outdoor and camping supplies serving the East TN area!

Business Description: Knoxville Adventure LLC caters to the explorers, hikers, and adventurers of East Tennessee and the world. We offer top-quality camping gear, apparel, and essentials to get you ready for your next outdoor excursion!

Inventory Item: The "SingleNest (TM) Hammock" by ENO Hammocks. This 5-star rated hammock is ideal for relaxing at the campsite or enjoying nature in your backyard. It's lightweight, portable, quickly set up, suitable for outdoor adventures! The listed retail price online is $54.95 https://eaglesnestoutfittersinc.com/collections/hammocks/products/singlenest-hammock

Trade Discount Calculations-

A 30% trade discount means your business will receive a discount of 30% off the listed retail price when purchasing these hammocks in bulk. Here's how we calculated the trade discount amount per hammock:

Discount Percentage = 30%

Listed Retail Price per Hammock = $54.95

Discount Amount per Hammock = Discount Percentage Listed Retail Price per Hammock = 30% $54.95 = $16.48

Net Price Calculations-

If you purchase 50 of these hammocks, you'll receive a discount of $16.48 per unit, significantly reducing the net price per hammock. Let's calculate the total net price for the 50 hammocks:

Number of Hammocks = 50

Discount per Hammock = $16.48

Net Price per Hammock = Listed Retail Price per Hammock Discount per Hammock = $54.95 $16.48 = $38.47

Total Net Price:

Net Price per Hammock x Number of Hammocks = Total Net Price = $38.47/hammock 50 hammocks = $1,923.50

Profit Potentials:

With a 30% trade discount, the net price per hammock is $38.47. This allows for a significant margin for profit when you factor in the selling price you set in the store and on the website. Since the retail price listed online is $54.95, there's enough room to establish a competitive price while still making a healthy profit. If we set the price at $52.95, we undercut our competitor by $2, and we can generate a healthy profit margin of around 27.35%, equating to a net profit of $14.48.

ou are a supplier and want to earn your classmate's business. Find a classmate's initial post that has not yet been replied to by a fellow classmate. Using several sentences, write up an offer to your classmate's business and offer sale terms 2/10, 1/15, n/30 and a 5% late fee charged for payment after 30 days. Using your classmate's net price on the 50 inventory items, calculate the 2% and 1% discounts as well as the 5% late fee. Using today's date (the date you are completing this post) state the due dates for each discount along with the date the late fee would first apply. Show all steps used in your calculations.

Include these items in your post:

Offer write up - several sentences

2% discount amount, due date for this discount

1% discount amount, due date for this discount

5% late fee, first day this fee would be applied