   Chapter 7.III, 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

# Complete the following table. Round net price factors to five decimal places when necessary. Trade Single Discount Net Price Equivalent Trade List Price Kates Factor Discount Discount Net Price What is the net price factor of a 35/20/15 series of discounts?

To determine

To calculate: The net price factor if the series of trade discounts rate are 35/20/15.

Explanation

Given Information:

The series of trade discount rate is 35/20/15.

Formula used:

Look for the complement of the trade discount rates by subtracting each rate from 100% and converting them to decimal form.

Compute the net price factor by multiplying all the decimals together.

Calculation:

Consider the series of trade discount rate is 35%, 20%, 15%.

Compute the complement of the trade discount rates in series by subtracting them from 100%.

 100%−35%=65%=0

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