Math Problem Statement
A photographer buys some merchandise with a list price of $9,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.)
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Discounts
Successive Discounts
Trade Discount Calculation
Formulas
Final Price after Discount = List Price × (1 - Discount Rate)
Trade Discount = List Price - Final Price
Theorems
Successive Discount Theorem
Suitable Grade Level
Grades 9-12
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