Question

the list price of a stereo is $900 with a trade discount of 30%. Find the amount of trade discount and net price of the stereo.

Answer 1

You need subtract 30% by 100% = 70% 70% = 0.70 Then multiply 900 by 0.70 Equals 630

Answer 2

900*.3=270
trade discount = $270

net price is the rest so

900-270=630

net price=$630

The net price is the amount they have to pay after subtracting the discounts.