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Shortly after moving into their new home, Mark and Katherine Gould purchase and install smoke detectors and an alarm system. The Goulds are concerned about fulfilling their need for
Equivalent Single Discount
A single, consolidated discount rate that is equivalent in value to a series of multiple discounts applied successively.
Complement Rate
A rate equal to 100% minus the discount rate; used with the complement method in determining trade or cash discounts.
Net Price
The actual price paid for a product or service after deducting any discounts, rebates, or promotions.
Complement Method
Method of computing the net price directly, using the complement of the trade discount rate.
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