An item that had a list price of $1,573 was subject to trade discounts of 17%, 11% and 9%. What is the single equivalent discount rate (SEDR) that is equal to the discount series? Do not include thepercent symbol and round your answer to 2 decimal places.«< Question 7 of 10 >A Moving to another question will save this response.

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Answered: An item that had a list price of $1,573…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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An item that had a list price of $1,573 was subject to trade discounts of 17%, 11% and 9%. What is the single equivalent discount rate (SEDR) that is equal to the discount series? Do not include the percent symbol and round your answer to 2 decimal places.