**Title: Calculating Complement Rate and Net Price Using the Complement Method****Objective:** Learn how to compute the complement rate and net price using the complement method for price adjustments.**Given Data:**- **List Price:** $3,570- **Trade Discount Rate:** 14%**Task:** Compute the complement rate and net price using the information provided.---**Options for Complement Rate and Net Price:**a. **Complement Rate:** 86%; **Net Price:** $2,998.80b. **Complement Rate:** 86%; **Net Price:** $3,070.20c. **Complement Rate:** 14%; **Net Price:** $3,070.20d. **Complement Rate:** 76%; **Net Price:** $2,713.20---**Explanation:**- The complement rate is calculated as 100% minus the trade discount rate. In this case, it is 100% - 14% = 86%.- To find the net price, multiply the list price by the complement rate. For example: $ \text{Net Price} = \text{List Price} \times \left(\frac{\text{Complement Rate}}{100}\right) $- Each option provides a different combination of complement rate and net price for analysis.

The complement rate is the proportion of the list price that the client actually pays after the…

Compute the complement rate and the net price using the complement method. Trade Discount 14% List Price $3,570 Complement Rate Complement Rate: 86%; Net Price $2,998.80 Complement Rate: 86%; Net Price: $3,070.20 Complement Rate: 14%; Net Price $3,070.20 d. Complement Rate: 76%; Net Price $2,713.20 Net Price

Compute the complement rate and the net price using the complement method. Trade Discount 14% List Price $3,570 Complement Rate Complement Rate: 86%; Net Price $2,998.80 Complement Rate: 86%; Net Price: $3,070.20 Complement Rate: 14%; Net Price $3,070.20 d. Complement Rate: 76%; Net Price $2,713.20 Net Price