Calculate the net price of goods listing for $9,900 less a trade discount rate of $$2 \frac { 3 } { 8 } \%$$ to the nearest cent.

Question

Quizplus · Accepted Answer

The trade discount is calculated as $9,900 	imes 2\frac{3}{8}\% = $9,900 	imes \frac{19}{8} 	imes \frac{1}{100} = $235.125$. The net price is the list price minus the trade discount, so $9,900 - $235.125 = $9,664.875, which rounds to $9,664.87 to the nearest cent.

Calculate the Net Price of Goods Listing for $9,900 Less 238%2 \frac { 3 } { 8 } \%283​%

Calculate the Net Price of Goods Listing for $9,900 Less $2 \frac { 3 } { 8 } \%$