Question
Asked Oct 23, 2019

How do you find the trade discount and net price of an item if the list price is $199, the chain discount is 8/4/3, the net price equivalent rate is 0.856704, and the single equivalent discount rate is 0.144296?

check_circleExpert Solution
Step 1

Calculate the trade discou...

Trade discount List price
Single equivalent discount rate
X
= $199 x 0.144296
$28.71
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Trade discount List price Single equivalent discount rate X = $199 x 0.144296 $28.71

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