Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Calculate the missing values in the following table. Round your answers to two decimal places.
List Price (L)(L) | Single discount rate (d)(d) | Amount of discount (d×L)(d×L) | Net price (N)(N) |
|
6.00% | $51.50 |
|
|
|
$219.50 | $662.50 |
$12,800.00 |
|
|
$640.00 |
$30,950.00 |
|
$3,851.75 |
|
The net price of an item after trade discounts of 14%, 9.5%, and 1.5% is $1,241.93.
a. What is the list price of the item?
b. Calculate a single equivalent trade discount rate of the series of discount rates.
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