   Chapter 7.II, Problem 1RE ### 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. Round all answers to the nearest cent.List PriceTrade Discount RateTrade Discount$860.0030%$258.00Trade 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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