Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) List Chain discount Item price Trade discount Samsung Blu-ray player $190 5/2/1
Complete the following table: (Do not round net price equivalent rate and single equivalent discount rate. Round the amounts to the nearest cent.) Net price equivalent rate (in decimals) Single equivalent discount rate (in decimals) List Chain discount Item price Trade discount Samsung Blu-ray player $190 5/2/1
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
100%
Expert Solution
Step 1
to calculate the net price equivalent rate subtract each discount from 100% and multiply them in decimal form
the discounts are
subtracting from 100 will give
in decimal form
to get the net price equivalent rate, multiply them in decimal form
therefore the net equivalent rate is 0.92169 or 92.169%
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