Sean's Service Station purchased 7,000 gallons of unleaded gas for resale. The list price was $6,924. The net price was $5,674.
The trade discount rate was around 18.05%

Question

Sean's Service Station purchased 7,000 gallons of unleaded gas for resale. The list price was ​$6,924. The net price was $5,674.
​The trade discount rate was around 18.05%

Quizplus · Accepted Answer

The trade discount can be calculated by subtracting the net price from the list price, then dividing by the list price and multiplying by 100 to get the percentage. $(6924 - 5674) / 6924 * 100 = 18.05\%$.

Sean's Service Station Purchased 7,000 Gallons of Unleaded Gas for Resale