I. Find the trade discount and net price. Round to the nearest cent. Trade Discount List Price Trade Discount Net Price Rate P 250.00 975.00 732.50 30% 40% 27.5% 37.25% 489.27

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 3MC: Which of the following numbers represents the discount percentage applied if a customer pays within...
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I. Find the trade discount and net price. Round to the nearest cent.
Trade Discount
List Price
Trade Discount
Net Price
Rate
P 250.00
975.00
732.50
489.27
30%
40%
27.5%
37.25%
Transcribed Image Text:I. Find the trade discount and net price. Round to the nearest cent. Trade Discount List Price Trade Discount Net Price Rate P 250.00 975.00 732.50 489.27 30% 40% 27.5% 37.25%
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