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Transcribed Image Text:**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:** $2,998.80
b. **Complement Rate:** 86%; **Net Price:** $3,070.20
c. **Complement Rate:** 14%; **Net Price:** $3,070.20
d. **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.
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