What was the trade discount rate if items sold with a list price of $7,550 were sold at a net price of $5,220? (Round to the nearest whole percent)

Name: What was the trade discount rate if items sold with a list price of $7,550 were sold at a net price of $5,220? (Round to the nearest whole percent)
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The trade discount rate is calculated as ((List Price - Net Price) / List Price) * 100. Substituting the given values: (($7,550 - $5,220) / $7,550) * 100 = 31%.

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