The list price of a fan is $175. During a sale, a trade discount rate of 11% was offered. a. What is the amount of the trade discount?

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
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The list price of a fan is $175. During a sale, a
trade discount rate of 11% was offered.
a. What is the amount of the trade discount?
Round to the nearest cent
b. What is the net price of each fan?
Round to the nearest cent
Transcribed Image Text:The list price of a fan is $175. During a sale, a trade discount rate of 11% was offered. a. What is the amount of the trade discount? Round to the nearest cent b. What is the net price of each fan? Round to the nearest cent
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