Net price times rate of trade discount equals amount of trade discount.
Correct Answer:
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Q10: The net price equivalent rate should be
Q11: The complement of 10% is 90%, or
Q12: List price × trade discount rate =
Q13: A net price equivalent rate of 0.74225
Q14: Amounts of trade discounts are not fixed.
Q16: Sellers' catalogs list only the net price.
Q17: The trade discount results if the customer
Q18: The portion could represent the amount of
Q19: Trade discounts represent increases to the purchase
Q20: Net price plus amount of trade discount
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