Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent. List Price Trade Discount Rate Net Price Factor Net Price $3,499.00 33% % $

Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent. List Price Trade Discount Rate Net Price Factor Net Price $3,499.00 33% % $

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.6: Percent Applications

Problem 2E

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.

Question

Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.

List Price	Trade Discount Rate	Net Price Factor	Net Price
$3,499.00	33%	%	$

Expert Solution

Step 1

The given list price is = $3,499.00

Trade Discount Rate = 33%.

The formula for net price factor is given by -

Net price factor = 100% - Trade Discount Rate

The formula for Net price is given by -

Net price = List price × Net price factor

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