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 calculate: The net price factor if the series of trade discounts rate are
Given Information:
The series of trade discount rate is
Formula used:
Look for the complement of the trade discount rates by subtracting each rate from
Compute the net price factor by multiplying all the decimals together.
Calculation:
Consider the series of trade discount rate is
Compute the complement of the trade discount rates in series by subtracting them from
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