The net price of the saws that Black & Decker Manufacturing sold to True Value Hardware on a chain discount of 8/3/1 is $3,357.21.
What is a chain discount?
A chain discount refers to a type of discount offered to customers, which is sequentially applied to the list price to arrive at the net price.
Chain discounts involve a series of trade discounts applied in sequence.
Data and Calculations:
List price = $3,800
Chain discount = 8/3/1
First net price = $3,496 ($3,800 x 1 - 8%)
Second net price = $3,391.12 ($3,496 x 1 - 3%)
Third net price = $3,357.21 ($3,391.12 x 1 - 1%)
Thus, the net price based on a chain discount of 8/3/1 is $3,357.21.
Learn more about chain discounts at https://brainly.com/question/1515915
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