Question

Pablo's Print Shop ordered copiers from a manufacturer. The list price of the copiers was $29,543 and the bill came to $24,631. Find the percent of the trade discount.

16.6%
17.4%
18.5%
19.2%
None of these choices are correct.

Answer 1

16.6%

Explanation:

Percent discount:

The percent discount is the discount multiplied by 100 and divided by the initial value.

In this question:

Initial value: $29,543

Bill: $24,631

Discount: 29,543 - 24,631 = 4,912.

Percent discount:

4,912*100%/29,543 = 16.6%

The discount is of 16.6%