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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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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