Question

List price is $120.00 and the trade discount is 25% Find the compliment

A. 25%
B. 50%
C. 75%
D. 100%

Answer 1

C. 75%

Step-by-step explanation:

List Price= Net Price ÷ Complement of trade discount rate

120 = (120 ×25 ÷100 = 90) ÷ x

120 = 90 ÷ x

x = 90÷120 ×100 = 75%

`120 = (120 ×25 ÷100 = 90) ÷ x 120 = 90 ÷ x x = 90÷120 ×100 = 75%`

Compliment = 90÷120×100 = 75%

`Compliment = 90÷120×100 = 75%`

Hence

Trade discount is 25% so the complement is 75% (100% -- 25%)