Find trade discount rate royal

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-Macy of New York sold LeeCo. of Chicago office equipment with a $6,000 list price. Sale terms were 3/10, n/30 FOB New York. Macy agreed to prepay the $30 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy?

-Royal Furniture bought a sofa for $800. The sofa had a $1,400 list price. What was the trade discount rate Royal received? Round to the nearest hundredth percent.

Reference no: EM132860480

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