Asked by Tyler Goldstein on Jul 14, 2024
Verified
Net price to a car dealer of a model with a manufacturer's list price of $34,900 is $28,687.80. What trade discount rate is the dealer being given?
Trade Discount
A reduction in the listed price of a product or service, offered by sellers to buyers in the same trade or industry.
Car Dealer
A business that specializes in selling new or used vehicles to consumers, often offering financing and trade-in options.
Manufacturer's List Price
The recommended selling price of a product set by the manufacturer, before any discounts or allowances are applied.
- Implement the principles of trade discount and compute the net cost in different situations.
Verified Answer
SM
Learning Objectives
- Implement the principles of trade discount and compute the net cost in different situations.