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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

Calculate the following trade discounts. Round all answers to the nearest cent.

List Price`Trade Discount Rate`Trade Discount

$860.00`30%`$258.00

Trade discount = 860.00 × .30 = $ 258.00

To determine

To calculate: The trade discount if list price is $860.000 and trade discount rate is 30%. Round to the nearest cent.

Explanation

Given Information:

The list price is $860.000 and trade discount rate is 30%.

Formula used:

The trade discount is computed by multiplying the trade discount rate with the list price.

Trade discount=List price×Trade discount rate

Calculation:

Consider list price is $860.000 and trade discount rate is 30%

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