# An electrical supply store bought copper wire with a list price of \$26,200. The

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Mathematics

### Question Description

An electrical supply store bought copper wire with a list price of \$26,200. The wholesaler extended a trade discount which made the net price \$15,206. What is the trade discount rate? Round to the nearest tenth of a percent.

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## Explanation & Answer

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Actual price = \$26200

Price after discount = \$15206

So, Discount price = 26200 - 15206 =  \$10994

Discount rate = (10994 / 26200)*100% = 41.96% = 42%

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fulnzanve3 (279)
University of Maryland
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