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Unformatted text preview: N = L D or Net price = List price (1 - discount rate) N = L(1 - d) B) SERIES OF TRADE DISCOUNTS More than one trade discount may be given off the list price. Do not add the discount rates together ! Net price = List price (1 - discount rate 1 ) (1 - discount rate 2 ) (1 - discount rate 3 ) etc. N = L(1 d 1 )(1 d 2 )(1 d 3 ) etc. C) SINGLE EQUIVALENT RATE OF DISCOUNT This is the single trade discount that is the same as a series of trade discounts Single equivalent rate of discount = Discount = (List price Net price) List price List price...
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This note was uploaded on 04/04/2012 for the course MATH 1052 taught by Professor Kit during the Winter '12 term at Fanshawe.
- Winter '12