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latashaC
Feb 4, 2010, 10:22 AM
Royal Furniture bought a sofa for $600. The sofa had a $1,510 list price. What was the trade discount rate that Royal received

latashaC
Feb 4, 2010, 10:23 AM
Royal Furniture bought a sofa for $600. The sofa had a $1,510 list price. What was the trade discount rate that Royal received?

Unknown008
Feb 5, 2010, 12:02 PM
The discount rate is given by:

Discount\ Rate = \frac{Discount}{List\ Price}

So, find the discount first. That should be easy enough to find; just use logic.