Math Problem Statement

A ream of paper was sold by a distributor for $21.26 after a trade discount of 15.6%. What is the amount of discount offered by the distributor? round to 2 decimals

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Percentage Calculations
Discounts

Formulas

Discount amount D = P × (Discount Rate / 100)
Discounted Price = Original Price - Discount Amount

Theorems

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Suitable Grade Level

Grades 6-8