hawaiian shirts which list for $49.50 have a net price of $40.89. calculate the trade discount and the trade…

hawaiian shirts which list for $49.50 have a net price of $40.89. calculate the trade discount and the trade discount rate. round to the nearest tenth of a percent.\ntrade discount: $square$\ntrade discount rate: $square$% \nquestion help: $square$ message instructor\nsubmit question

hawaiian shirts which list for $49.50 have a net price of $40.89. calculate the trade discount and the trade discount rate. round to the nearest tenth of a percent.\ntrade discount: $square$\ntrade discount rate: $square$% \nquestion help: $square$ message instructor\nsubmit question

Answer

Explanation:

Step1: Calculate trade - discount amount

The trade - discount is the difference between the list price and the net price. Let the list price be $L = 49.50$ and the net price be $N=40.89$. The formula for trade - discount $D$ is $D = L - N$. $D=49.50 - 40.89=8.61$

Step2: Calculate trade - discount rate

The trade - discount rate $r$ is calculated by the formula $r=\frac{D}{L}\times100%$. We know that $D = 8.61$ and $L = 49.50$. $r=\frac{8.61}{49.50}\times100%=\frac{861}{49.50}% \approx 17.4%$

Answer:

Trade Discount: $$8.61$ Trade Discount Rate: $17.4%$