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March 26, 2017

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a park purchased equipment from a manufacturer for a list price of $42,000 minus trade discounts of 30/20/15. How do you calculate the amount of the trade discount on the purchase?

  • math - ,

    So they pay .7(.8)(.85) or .476 of the original price
    or they paid .476(42000) = 19,992

    discount = 42000-19992 = 22008

    discount rate = 22008/42000 = .524 or 52.6%

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