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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Question
Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent.
List Price: $4,500.00
NET PRICE: $3,515.00
Expert Solution
Step 1
Introduction:
The term trade discount can be defined as an amount which is reduced by the manufacturer & this discount would reduce the retail price once the goods are sold to the reseller & not to the ultimate customer. The dsicount would be at a particular percentage or it may be a reduction of specific amount from the retail price.
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