Q1. A product carries a list price of $580 and a trade discount rate of 40%. Find the amount of the discount and the net price.

Amount of Discount = List Price x Rate of Discount

Net Price = List Price Amount of Discount

Q2. An item listed at $450 is subject to the trade discount series 8%, 15%, and 25%. Find the net price.

Q3. A manufacturer sells a gym equipment for $750 less 20%, 12%, 18%.

Find:

1. The Net Price
2. Amount of Discount Amount of Discount = List Price Net Price

Q4. Compute the amount of interest for $2,500 at 7% p.a. for 8 months. I = Prt