Concept explainers
To calculate: The trade discount of the water heater if the list price is
Answer to Problem 1ES
Solution:
The trade discount of the water heater is
Explanation of Solution
Given Information:
The water heater’s list price is
Formula used:
Follow the steps to the trade discount using the single trade discount rate.
Step
Step
Calculation:
Consider the list price L is
Use Trade Discount formula
Compute the trade discount by substituting the list price to
Hence, the trade discount is
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