The Canine Shop orders special powders and oils with a list price of $1,500. The supplier extends a 4% trade discount rate. What is the net price?

Name: The Canine Shop orders special powders and oils with a list price of $1,500. The supplier extends a 4% trade discount rate. What is the net price?
Brand: Quizplus
Rating: 5.0 (54 reviews)

Question

Quizplus · Accepted Answer

The net price is calculated by subtracting the discount from the list price. The discount is 4% of $1,500, which is $60. Therefore, the net price is $1,500 - $60 = $1,440.

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