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    latashaC's Avatar
    latashaC Posts: 2, Reputation: 1
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    #1

    Feb 4, 2010, 10:22 AM
    Trade discount rate
    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's Avatar
    latashaC Posts: 2, Reputation: 1
    New Member
     
    #2

    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's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #3

    Feb 5, 2010, 12:02 PM

    The discount rate is given by:



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

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