A single equivalent discount rate of .45975 means the buyer saves approximately 46 cents per $1 of list price.

Question

Quizplus · Accepted Answer

A single equivalent discount rate of .45975 means that the buyer is getting a discount of 45.975% off the list price. This means that for every $1 of list price, the buyer only has to pay approximately 54 cents. Therefore, the savings are approximately 46 cents per $1 of list price.

A Single Equivalent Discount Rate of