Calculate the Trade Discount and Net Price to the Nearest

question 71

Short Answer

Calculate the trade discount and net price to the nearest cent: $$\begin{array} { l l l l } \text { List Price } & \text { Trade Discount Rate } & \text { Trade Discount } & \text { Net Price } \\\$ 86.72 & 12 \% &\end{array}$$

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Definitions:

Risk-free Asset

An investment with a guaranteed return and no risk of financial loss.