Question
The net price of an item after trade discounts of 30.00%, 13.50%, and 4.50% is $3,900.00. a. Calculate the regular selling price of the goods.
The net price of an item after trade discounts of 30.00%, 13.50%, and 4.50% is $3,900.00.
a. Calculate the regular selling price of the goods.
Round to the nearest cent
b. Calculate the equivalent discount rate of the series of discount rates.
%
Round to two decimal places
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
