Solve the problem.
-A pool table with a list price of $395 is sold by a wholesaler at a net cost of $252.80. Find the single trade discount rate being offered. Round to the nearest tenth of a percent if necessary.
A)56.3%
B)55.3%
C)64%
D)36%

Question

Quizplus · Accepted Answer

The trade discount rate is calculated as ((List Price - Net Cost) / List Price) * 100. Substituting the given values: ((395 - 252.80) / 395) * 100 = 36%.

Solve the Problem. -A Pool Table with a List Price of $395 Is