**Title: Calculating Complement Rate and Net Price Using the Complement Method****Objective:** Learn how to compute the complement rate and net price using the complement method for price adjustments.**Given Data:**- **List Price:** $3,570- **Trade Discount Rate:** 14%**Task:** Compute the complement rate and net price using the information provided.---**Options for Complement Rate and Net Price:**a. **Complement Rate:** 86%; **Net Price:** $2,998.80b. **Complement Rate:** 86%; **Net Price:** $3,070.20c. **Complement Rate:** 14%; **Net Price:** $3,070.20d. **Complement Rate:** 76%; **Net Price:** $2,713.20---**Explanation:**- The complement rate is calculated as 100% minus the trade discount rate. In this case, it is 100% - 14% = 86%.- To find the net price, multiply the list price by the complement rate. For example: $ \text{Net Price} = \text{List Price} \times \left(\frac{\text{Complement Rate}}{100}\right) $- Each option provides a different combination of complement rate and net price for analysis.

The complement rate is the proportion of the list price that the client actually pays after the…

Answered: Compute the complement rate and the net…

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