What is the Net price and trade discount of a (Treadmill cost \$3000) with a chain discount of 9/4?

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1. List Price. \$3,000
Chain Discount. 9/4
To find the Net Price, we'll first need to find the complement of each discount by subtracting each one from 100%.
100%-9%=91%
100%-4%=96%
0.91*0.96=0.8736
Net Price=3,000*0.8736
Net Price = \$2,620.80
Total Discount = 3000-2620.80=\$379.20

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