Explanation Given Information: The trade discount rates are 20 / 15 / 12 . Formula used: Follow the steps to compute the single equivalent discount: Step 1 : Look for the complement of the trade discount rates by subtracting each rate from 100 % to compute the net price factor by multiplying all the decimals together. Step 2 : Then, compute the single equivalent discount by subtracting the net price factor by 1 . Single equivalent discount = 1 − Net price factor Calculation: Consider that the trade discount rate are 20 % , 15 % and 12 % . Subtract each of the trade discount rate from 100 % and then convert the answer to decimal form. 100 % − 20 % = 80 % = 0

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 7.III, Problem 8RE

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To calculate: The net price factor and single equivalent discount if trade discount rates are 20/15/12. Round the answer to five decimal places when required.

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Chapter 7.III, Problem 7RE

Chapter 7.III, Problem 9RE

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The net price factor and single equivalent discount if trade discount rates are 20 / 15 / 12 . Round the answer to five decimal places when required.

Solution Summary: The author calculates the net price factor and single equivalent discount if trade discount rates are 20/15/12.

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To calculate: The net price factor and single equivalent discount if trade discount rates are 20/15/12. Round the answer to five decimal places when required.

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Chapter 7 Solutions