Calculate the Net Price Factor and Net Price Using the Complement

question 89

Short Answer

Calculate the net price factor and net price using the complement method, rounding to the nearest cent: $$\begin{array} { l l l l } \text { List Price } & \text { Trade Discount Rate } & \text { Net Price Factor } & \text { Net Price } \\\$ 8,299.00 & 28 \%\end{array}$$

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Definitions:

Compromise

A solution to a conflict or problem where all parties involved make concessions to reach an agreement.

Phenomenon

An observable fact or event, especially one that can be scientifically described and investigated.

Parsimonious

A term used to describe a theory or explanation that is simple and lacks unnecessary elements, favoring minimal assumptions.

Replicable

Capable of being duplicated or repeated under the same conditions, allowing for verification of results in scientific research.