Calculate the Net Price and Amount of Trade Discount (Use

question 79

Short Answer

Calculate the net price and amount of trade discount (use net price equivalent rate as well as single equivalent discount rate):
$$\begin{array} { | l | l | l | l | l | } \hline\text { Item } & \text { List Price } & \text { Chain Discount } & \text { Net Price } & \text { Trade Discount } \\\hline \begin{array} { l } \text { Troy-Bilt lawn } \\\text { mower }\end{array} & \$ 499 & 7 / 9 &? &? \\\hline \end{array}$$

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Definitions:

Household Items

Personal belongings and objects that are used within a home for daily functions and activities.

Wage Garnishment

A court-ordered process that requires an employer to withhold a portion of an employee's wages and send it directly to the creditor until a debt is paid off.

Exempt Property

Property that is protected by law from being taken by creditors or in bankruptcy proceedings, typically including a primary residence, clothing, and basic household furnishings.

Designated Amount

A specific sum of money that has been allocated for a particular purpose or recipient.