Marissa paid $218.57 for a printer that she purchased after receiving trade discounts of 24%, 17%, and 7%.

a. What was the list price of the printer?

372.58

Round to the nearest cent

b. What single equivalent trade discount rate represents the series of discounts received?

%

Round to two decimal places Use python

The single equivalent trade discount rate that represents the series of discounts Marissa received is **41.34%**.

Would you like further details or have any questions?

Here are some related questions:

1. How are multiple trade discounts combined into a single equivalent rate?
2. What is the impact of each individual discount on the final price?
3. How do trade discounts differ from cash discounts?
4. Can you reverse-engineer the discount percentages from a given equivalent discount rate?
5. How would the equivalent discount rate change if the order of discounts was different?
6. What are other common methods of calculating trade discounts?
7. How can businesses use trade discounts to their advantage?
8. How do trade discounts affect profit margins?

**Tip:** When calculating a single equivalent discount rate from multiple discounts, always multiply the complements of the discount rates (i.e., $1 - d$) and then subtract from 1 to find the overall rate.

Learn how to calculate the list price of an item after receiving multiple trade discounts and determine the single equivalent trade discount rate. This problem involves practical applications of trade discounts in purchasing scenarios.

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