   Chapter 7.II, Problem 22RE ### 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 An item with a trade discount of 41% has a list price of $289.50. What is the net price? To determine To calculate: The net price if the list price is$289.50 and trade discount rate is 41%.

Explanation

Given Information:

The list price is $289.50 and trade discount rate is 41%. Formula used: Net price is computed as follows: Net Price=List price×(100%Trade discount rate) Calculation: Consider that the list price is$289.50 and trade discount rate is 41%.

Compute the net price by substituting list price to \$289

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