The China Company offers a trade-discount rate that is 4 times the complement of the trade-discount rate. If the list price is $

Question

Fofino [41]

3 years ago

14

The China Company offers a trade-discount rate that is 4 times the complement of the trade-discount rate. If the list price is $

58.75, what is the trade discount? What is the net price?

Mathematics

1 answer:

Natali5045456 [20] · Answer 1 · 2022-08-17T09:22:54+03:00

Answer: See explanation

Step-by-step explanation:

Since the complement is the difference between 100% and discount rate. Since the China Company offers a trade-discount rate that is 4 times the complement of the trade-discount rate. Therefore, the discount rate will be 80% and the complement 20%.

Therefore, the trade discount will be:

= List price × Trade discount rate

= $58.75 × 80%

= $58.75 × 0.8

= $47

Net price = List price - Trade discount

= $58.75 - $47

= $11.75