1. Your insurance company charges a premium of $2000 every quarter starting from the beginning of a year. You started your insurance on the 1st of February. How much would be your premium for the first quarter?

2. The List price of a product is $50 and its net price is $46. What is the trade discount rate?

3. During a sale, a distributor sells a product listed for $600 with three discounts 15%, 10% and 5%. What is the net price of the product?