Asked by Jamie Stallings on May 01, 2024
Verified
After a trade discount of 27.5%, a jeweller can obtain ahalf carot Canadian Polar Bear diamonds for $2,138.75. What is the dollar amount of the trade discount?
Trade Discount
A reduction from the list or retail price of a product, given by sellers to buyers in the business-to-business market.
Jeweller
A specialized professional or establishment in the business of selling, crafting, and repairing jewelry.
Canadian Polar Bear Diamonds
High-quality diamonds sourced from specific mines in Canada, known for their ethical sourcing and purity.
- Become proficient in the concept of trade discount, calculating both the net cost and the amount discounted.
Verified Answer
JB
Learning Objectives
- Become proficient in the concept of trade discount, calculating both the net cost and the amount discounted.