A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).
A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).
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Step 1
Trade discount is the rate by which list price is reduced.
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