What was the trade discount rate royal received

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Reference no: EM131498596

a. Royal Furniture bought a sofa for $960. The sofa had a $1,560 list price. What was the trade discount rate Royal received? (Round your final answer to the nearest hundredth percent.)

Amout paid________

Discount amount__________

Portion=__________

Base=___________

Rate=__________

b. Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $130 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter?

Cost=__________

Selling price =______________

Portion=__________

Base=___________

Rate=__________

Solving for =___________

Reference no: EM131498596

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