A boutique buys some merchandise with a list price of $3,400. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 47CR
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A boutique buys some merchandise with a list price of $3,400. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).
 
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Step 1

The boutique buys some merchandise with a list price of $3400.

The wholesaler extends a 30% trade discount.

The trade discount reflects on the list price.

Hence, the 30% trade discount  $3400 is discounted.

Find the discount.

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