Question

If a manufacturer's list price is $800 and Bill's Outlet buys the goods for $650, what is the trade discount percent? (Round answer to
the nearest hundredth percent)

Answer 1

Answer:

The discount percent is 18.75%

Step-by-step explanation:

The amount of money that was lost in this discount is $150, to calculate the percent, you subtract the original price by the discounted price, and then divide the difference by the original price and multiply that by 100% to get the discount percent. $\frac{150}{800}$ * 100% equals 18.75%, so that would be the discount percent.