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What is the equivalent single trade discount rate

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Reference no: EM132601969

Question 1: The list price of canned foods at a wholesaler's outlet is $50.00 and the net price is $45.00. What is the trade discount rate? (Round to two decimal places)

Question 2: Lucy received a loan at 6% p.a. simple interest for 6 months. If she was charged an interest of $309.00 at the end of the period, what was the principal amount of the loan?(Round to the nearest cent)

Question 3: If a series of trade discount rates are 18%, 10%, and 6%, what is the equivalent single trade discount rate? (Round to two decimal places)

Reference no: EM132601969

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