   Chapter 7.II, Problem 19RE ### 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

# 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$395.50 and trade discount rate is 45%.

Explanation

Given Information:

The list price of a dining room table is $395.50 and trade discount rate is 45%. Formula used: The trade discount rate is computed by dividing trade discount by list price. Trade discount rate=Trade discountList price Rewrite the formula to compute the trade discount, Trade discount =List price×Trade discount rate Calculation: Consider that the list price is$395

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