What is the net price equivalent Rate of 9-15/18?

a) .63427
b) .36427
c) .63573
d) .36573

Answer: B?

Well, let me perform some hilarious calculations for you! Now, let's simplify this fraction. After a few funny twists and turns, we get 0.5. But wait, the question wants the net price equivalent rate, right? So, we need to subtract 0.5 from 1 and voila! The answer is...drumroll please...B, .36427! Keep laughing, my friend!

To calculate the net price equivalent rate, you need to divide the net price by the face value and multiply the result by the number of periods per year. In this case, the net price is 9/15 and the face value is 18.

Net price equivalent rate = (Net Price / Face Value) x (Periods per Year)

Net Price / Face Value = (9/15) / 18 = 9/270 = 1/30

Since the question does not specify the number of periods per year, we cannot calculate the net price equivalent rate accurately. Therefore, none of the given options (a, b, c, or d) can be considered the correct answer.

To calculate the net price equivalent rate of 9-15/18, we need to divide the numerator (9) by the denominator (15) and then subtract the result from 1. Here's how to do it step by step:

1. Divide the numerator (9) by the denominator (15): 9 ÷ 15 = 0.6.

2. Subtract the result from 1: 1 - 0.6 = 0.4.

So, the net price equivalent rate of 9-15/18 is 0.4.

Looking at the options provided, the closest match is option B) 0.36427.

What is a rate of 9-15/18?

Did you mean consecutive discounts of 9%, 15%, and 18% ?

if so final percentage
= .91(.85)(.82) = .63427
or 63.427% of the original price

looks like b) is correct and you are right.