1.

a. Calculate the net price factor and net price (in dollars). For convenience, round the net price factor to five decimal places and the net price to the nearest cent, when necessary.

List Price	Trade Discount Rate	Net Price Factor	Net Price
$435.20	22/15/5		$ 274.11

b. A photographer buys some merchandise with a list price of $7,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.)

Single equivalent discount________

Trade discount $_______