Math Problem Statement
Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. List price $4.39 trade discount rate 13/10/10
Solution
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Math Problem Analysis
Mathematical Concepts
Trade Discounts
Percentage Calculations
Net Price Factor
Single Equivalent Discount
Formulas
Net Price Factor (NPF) = (1 - Discount1) * (1 - Discount2) * (1 - Discount3)
Single Equivalent Discount (SED) = 1 - NPF
Trade Discount = List Price * SED
Net Price = List Price - Trade Discount
Theorems
-
Suitable Grade Level
Grades 9-12
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