Calculate the Trade Discount Rate on an Item That Lists

question 67

Multiple Choice

Calculate the trade discount rate on an item that lists for $1,950 and has a net price of $1,433.

• A) 36.1%
• B) 73.5%
• C) 26.5%
• D) 63.9%
• E) 51.7%

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Definitions:

Resilient

The ability to withstand or recover quickly from difficult conditions.

Middle-Income Counterparts

Individuals or groups belonging to the socio-economic class that is between the working class and the upper class, often considered the average or standard economic status in society.

Child-Support Payments

Financial contributions that a non-custodial parent is legally obligated to pay to help support their offspring's upbringing and care.

Higher-Paying Job

Employment that offers a salary or wage significantly above the average for a given profession or region.