   Chapter 7.II, Problem 8RE ### 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 net prices to the nearest cent. List Price Trade Discount Rate Trade Discount Net Price 21.29 18% ________ ________.

To determine

To calculate: The trade discount and net price if list price is $21.29 and trade discount rate is 18%. Round the answers to the nearest cent. Explanation Given Information: The list price is$21.29 and trade discount rate is 18%.

Formula used:

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

The net price is computed by subtracting the trade discount from the list price.

Calculation:

Consider that the list price is \$21.29 and trade discount rate is 18%.

Compute the trade discount by substituting list price to 21.29 and trade discount rate to 0.18.

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