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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

To calculate the net price factor, we subtract the trade discount rate from______. (7-4)

To determine

To fill: The blank provided for the statement, “To calculate the net price factor, we subtract the trade discount rate from _____”.

Explanation

The net price factor is computed by subtracting the trade discount from 100%.

For example, the trade discount is 24%. The net price factor is computed through the following formula:

Net price factor=100&#

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