Calculate the trade discount (in 5). Round your answer to the nearest cent.List PriceTrade Discount RateTrade Discount5365.007%

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Calculate the trade discount (in $). Round your answer to the nearest cent.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 7P: Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume...

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Question

Calculate the trade discount (in 5). Round your answer to the nearest cent.
List Price
Trade Discount Rate
Trade Discount
5365.00
7%

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Information Provided:

List price = $365

Trade discount rate = 7%

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