Question

A queen size mattress has a catalog price of $428.99. The trade-discount rate is 20%. What is the net price to the nearest cent?

Answer 1

The queen size mattress has a catalog price of 428.99 dollars.
NOw, it has a trade discount rate or 20%
=> 20% / 100% = .20
Next is to do the solution:
=> 428.99 * .20 = 85.798 dollars or 85.80
Now, let's find out the net price:
=> 428.99 - 85.80 = 343.19 dollars or 343.2.