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Rob McMillan is an independent fuel oil and propane distributor and wholesale fuel prices were higher than normal. Rob's last invoice showed that fuel oil

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Rob McMillan is an independent fuel oil and propane distributor and wholesale fuel prices were higher than normal. Rob's last invoice showed that fuel oil was priced at $3.425 per gallon, with trade discounts of 7/5/1.5 available. McMillan Oil offers its own customers credit terms of 2/15, net/30, with a 2% service charge on late payments of the $30,000 in average fuel oil sales per month, normally half of Rob's sales are paid within the discount period, and only 10% incur the monthly service charge. Rob is concerned because a number of his fuel oil customers are behind in their payments, and he is considering some changes. Complete parts 1-4 below 1 Using the starting price of $3.425 per gallon, what is Rob's net price after applying the 7/5/1.5 trade discount series using the net decimal equivalent? $ (Round to three decimal places as needed.)

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