Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price Trade Discount Rate Net Price Factor Single Equivalent Discount Trade Discount Net Price $9,800.00 15/6/6 __________ __________ $ ______ $ _______
Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List Price Trade Discount Rate Net Price Factor Single Equivalent Discount Trade Discount Net Price $9,800.00 15/6/6 __________ __________ $ ______ $ _______
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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Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary.
| List Price | Trade Discount Rate |
Net Price Factor |
Single Equivalent Discount |
Trade Discount |
Net Price |
|---|---|---|---|---|---|
| $9,800.00 | 15/6/6 | __________ | __________ | $ ______ | $ _______ |
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