A net price equivalent rate of 0.74225 means that for each $10 the buyer's cost will be approximately 74 cents.
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Q8: The single equivalent discount rate is found
Q9: A chain discount is a series of
Q10: The net price equivalent rate should be
Q11: The complement of 10% is 90%, or
Q12: List price × trade discount rate =
Q14: Amounts of trade discounts are not fixed.
Q15: Net price times rate of trade discount
Q16: Sellers' catalogs list only the net price.
Q17: The trade discount results if the customer
Q18: The portion could represent the amount of
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