Chapter 7.II, Problem 19RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent.

List Price |
Trade Discount |
Trade Discount Rate |
Net Price |

What is the amount of a trade discount of 45*%* on a dining room table that lists for $395.50?

To determine

**To calculate:** The amount of trade discount if list price of a dining room table is

Explanation

**Given Information:**

The list price of a dining room table is

**Formula used:**

The trade discount rate is computed by dividing trade discount by list price.

Rewrite the formula to compute the trade discount,

**Calculation:**

Consider that the list price is

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