Calculate the net price of a vacuum cleaner that has a list price of $699 and is subject to a trade discount of 35%
A) $245
B) $454
C) $664
D) $755
E) $944

Question

Quizplus · Accepted Answer

The net price is calculated by subtracting the trade discount from the list price. The trade discount is 35% of $699, which is $244.65. Subtracting this from the list price gives $699 - $244.65 = $454.35, which rounds to $454.

Calculate the Net Price of a Vacuum Cleaner That Has