An electrical supply store bought copper wire with a list price of $26,200. The wholesaler extended a trade discount which made the net price $15,206. What is the trade discount rate to the nearest whole percent?

Question

Quizplus · Accepted Answer

The trade discount rate is calculated by subtracting the net price from the list price, dividing by the list price, and then multiplying by 100 to get a percentage. So, the calculation is (($26,200 - $15,206) / $26,200) * 100 = 42% (rounded to the nearest whole percent).

An Electrical Supply Store Bought Copper Wire with a List