Question 3 Choose the one alternative that best completes th

Question 3

Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Calculate the trade discount for 3 chairs if the unit price is $39 and a single trade discount of 6.25% is allowed. Round to the nearest cent.

$41.44

$7.31

$73.13

$2.44

Solution

Given that each chair is of cost $ 39.

The total cost of three chairs is 3 x 39 = $ 117

Single trade discount is given by 6.25 %

Therefore , the Trade discount for 3 chairs if the unit price is $39 and a single trade discount of 6.25% is

117 x 6.25 % = 117 x 6.25 / 100 = $ 7.31