Question

A business supply store bought some merchandise with a list price of $13,600. The wholesaler extended a trade discount that made the net price $8 840. Find the trade discount rate ( as a %).

Answer 1

To find the trade discount rate, use the following formula:

`d=(a-b)/(a)\cdot100`

Where d is the discount, a is the list price and b is the net price after the discount.

Replace for the given values and find the discount rate:

`\begin{gathered} d=(13600-8840)/(13600)\cdot100 \\ d=(4760)/(13600)\cdot100 \\ d=(7)/(20)\cdot100 \\ d=35 \end{gathered}`

The trade discount rate was 35%.