Answer: $15927.183
Explanation:
Price of good= $29,000
Trade discount = 40½ 20¼/5
The first discount will be:
= 40½ × $29000
= $11745
Then, the price after the first discount will be:
= $29000 - $11475
= $17255
Then, the second discount will be:
= $17255 × 20¼%
= $3494.14
Then, the price after the second discount will be:
= $17255 - $3494.14
= $13760.86
The third discount will be:
= $13760.86 × 5%
= $688.043
Then, the total discount will be:
= $11745 + $3494.14 + $688.043
= $15927.183
Therefore, the trade discount is $15927.183.