Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent. List Price Trade Discount Trade Discount Rate Net Price $4,500.00 $ % $3,545.00

Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent. List Price Trade Discount Trade Discount Rate Net Price $4,500.00 $ % $3,545.00

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 7P: Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume...

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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	Trade Discount	Trade Discount Rate	Net Price
$4,500.00	$	%	$3,545.00

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