   Chapter 7, Problem 10CR ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# To calculate the net price factor, we subtract each trade discount rate from 100% and then _____ all the complements together. (7-7)

To determine

To fill: The blank provided for the statement, “To calculate the net price factor, we subtract each trade discount rate from 100% and then _____ all the complements together.”

Explanation

The trade discount rates can be used to compute the net price factor.

Consider an example,

Let, trade discount rates be 20%, 9% and 8%.

Subtract the trade discounts from 100% to compute the complements.

 100%−20%=80%=0.80 100%−9%=91%=0

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Find more solutions based on key concepts 