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ciccarollnerk1anw
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  • 26-02-2016
  • Mathematics
Answered

If the net price of a stove is $900 and the trade discount rate is 40%, then the list price is

Verified Answer :

Hellocx
Hellocx Hellocx
  • 26-02-2016

$1,500

P/R $900 net price (P) trade discount rate is 40 percent. Must use
complement (100 percent – 40 percent) since the portion (net price)
represents 60 percent of the list price. $900/.60 = $1,500 (B)

Hope I helped

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