Asked by Yoselin Nevarez on Jun 24, 2024
Verified
Compute the complement rate and the net price using the complement method.
Complement Rate
In finance, it usually refers to the difference between 100% and the given rate of interest, used to calculate discount or markup rates.
Net Price
The final price after any discounts, rebates, or other deductions have been applied.
Complement Method
A technique used in mathematics and computer science to subtract one number from another by complementing one of the numbers and performing addition.
- Leverage the complement strategy to calculate net prices.
Verified Answer
Learning Objectives
- Leverage the complement strategy to calculate net prices.
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