   Chapter 7, Problem 4CR ### 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 amount of a single trade discount, we multiply the _____ price by the trade discount rate. (7-3)

To determine

To fill: The blank provided for the statement, ‘To calculate the amount of a single trade discount, we multiply the _____ price by the trade discount rate’.

Explanation

The list price is the amount of item at which the retailer sells it.

For example, the list price of an item is \$860.00 and the trade discount rate is 30%.

The trade discount is computed by multiplying the list price of the item by the trade discount rate

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