A recording studio purchased new sound equipment for a total of $50,500.00. The order has a trade discount of 10%.Use the net price rate to calculate the net price of the equipment.

Question

Quizplus · Accepted Answer

The net price is calculated by subtracting the trade discount from the total price. A 10% discount on $50,500 is $5,050, so the net price is $50,500 - $5,050 = $45,450.

A Recording Studio Purchased New Sound Equipment for a Total