Kevin received an invoice for $1000.00 From a wholesaler, which after applying trade discounts, was reduced to $900.
Determine the rate of the trade discount that was applied.
Calculate the difference between the original price and the
discounted Price
1) Difference $1000.00 - $900.00 = $100.00 Calculate the trade discount rate
($100/$1000) * 100% = 10%
Determine the rate of the trade discount that was applied.
Calculate the difference between the original price and the
discounted Price
1) Difference $1000.00 - $900.00 = $100.00 Calculate the trade discount rate
($100/$1000) * 100% = 10%