We appreciate your visit to Royal Furniture bought a sofa for 800 The sofa had a 1 400 list price What was the trade discount rate Royal received. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The trade discount rate received by Royal Furniture is 0.4285 or 42.85%.
Explanation:
To find the trade discount rate, we can use the formula:
Trade Discount Rate = (List Price - Net Price) / List Price
Given that the list price is $1,400 and Royal Furniture bought the sofa for $800, we can substitute these values into the formula:
Trade Discount Rate = (1400 - 800) / 1400 = 0.4285
The trade discount rate received by Royal Furniture is 0.4285 or 42.85%.
Learn more about Trade discount rate here:
https://brainly.com/question/33827298
#SPJ11
Thanks for taking the time to read Royal Furniture bought a sofa for 800 The sofa had a 1 400 list price What was the trade discount rate Royal received. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
