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Answer :
The received trade discount amount is $600 and percentage is 42.25%.
The trade discount in amount is = Original price - New price
Keep the values in formula to find the trade discount
The trade discount in amount is = 1420 - 820
Performing subtraction on Right Hand Side of the equation
The trade discount amount is = $600
Finding the trade discount in percentage
Trade discount in percentage = discount ÷ original price × 100
Keep the values in formula to find the trade discount in percentage
Trade discount in percentage = (600/1420)× 100
Performing multiplication and division
Trade discount in percentage = 42.25%
The trade discount is $600 and 42.25%.
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