What is the amount of the trade discount on goods ordered with a list price of $3,650 and a trade discount rate of $$4 \frac { 3 } { 4 } \%$$ to the nearest cent?

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Quizplus · Accepted Answer

To find the trade discount, convert the mixed number to a decimal and then apply it to the list price. The discount rate is $4 \frac { 3 } { 4 } \% = 4.75\%$. The trade discount is $3650 \times 0.0475 = 173.375$, which rounds to $173.38 to the nearest cent.

What Is the Amount of the Trade Discount on Goods 434%4 \frac { 3 } { 4 } \%443​%

What Is the Amount of the Trade Discount on Goods $4 \frac { 3 } { 4 } \%$