Question

Calculate the net price of goods listing for $9,900 less a trade discount rate of 2 3 % 8 to the nearest cent.

Answer 1

9664.875 ~ 9664.88

Step-by-step explanation:

2 and 3/8 = 19/8

(19/8)/100 *9900 = 235.125

9900 - 235.125 = 9664.88

Answer 2

Given the list price equal to $ 9,900, trade discount equal to 2 3/8 % =19/8 %, the net price is calculated below -

Net price factor = (100-19)/100 x (100-8)/100=0.81 x 0.92=0.7452

Net price of the order = $ 9,900 x 0.7452 = $ 7,377.48
To the nearest cent, the answer is $ 7.377.50