Problema Solution
An item with a trade discount of 41% has a list price of $289.50. What is the net price?
Answer provided by our tutors
Net Price = List Price - Trade Discount Amount
Trade Discount Amount = List Price x Trade Discount Rate
Net Price = List Price - List Price x Trade Discount Rate
Net Price = List Price (1 - Trade Discount Rate)
Net Price = 289.50(1 - 0.41)
Net Price = $170.805