The owner of a manufacturing plant offers his distributors trade discounts of 5%, 5%, and 1%. He
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The owner of a manufacturing plant offers his distributors trade discounts of 5%, 5%, and 1%. He wanted to standardize these discounts and offer just one discount that was equivalent to these three discounts. What equivalent trade discount rate should he offer?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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