Find the trade discount. Round to the nearest cent.
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Textbook Solutions for Business Math,
Question
The list price on slacks is $22, and the list price on jumpers is $37. If Petits Clothing Store orders 30 pairs of slacks and 40 jumpers at a discount rate of 11%, what is the trade discount on the purchase?
Solution
The first step in solving 8 problem number 24 trying to solve the problem we have to refer to the textbook question: The list price on slacks is $22, and the list price on jumpers is $37. If Petits Clothing Store orders 30 pairs of slacks and 40 jumpers at a discount rate of 11%, what is the trade discount on the purchase?
From the textbook chapter TRADE AND CASH DISCOUNTS you will find a few key concepts needed to solve this.
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