Calculate the following net price factor and net price.
For convenience, round net price factors to five decimal places when necessary. Round the net price to the nearest cent.
List Price Trade Discount Rate Net Price Factor Net Price
$425.80 18/15/5 $ $
Answer provided by our tutors
Net Price Factor = 0.82*0.85*0.95 = 0.66215
Net Price = 425.80 * 0.66215 = $281.94