Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.   List Price Trade Discount Rate Net Price Factor Net Price $3,499.00 33% % $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.
 
List Price Trade Discount Rate Net Price Factor Net Price
$3,499.00 33% % $
Expert Solution
Step 1

The given list price is = $3,499.00

Trade Discount Rate = 33%.

The formula for net price factor is given by - 

Net price factor = 100% - Trade Discount Rate

The formula for Net price is given by - 

Net price = List price × Net price factor

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