Calculate the trade discount (in $). Round your answer to the nearest cent. List PriceTrade Discount RateTrade Discount$155.5012%%24

Trade discount: It is the discount given on the list price of the goods sold.

Answered: Calculate the trade discount (in $).…

Business

Accounting

Calculate the trade discount (in $). Round your answer to the nearest cent.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Calculate the trade discount (in $). Round your answer to the nearest cent.

List Price
Trade Discount Rate
Trade Discount
$155.50
12%
%24

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