If an item has a cost price of $34.00 and a suggested retail price of $75.00, what trade discount was used?
You are not selling it at a discount, but at a PREMIUM!.
75 / 34 =2.2059 - 1 x 100 =120.59%- Premium price at which it was sold. So that:
120.59% x 34 =41, the premium, and:
$34 + $41 =$75 - Retail sales price.
+37093 I was thinking the suggested retail price is what a merchant would charge...however the merchant is able to purchase the item at a wholesale trade discount price of $34 then take it to their shop and sell it at MSRP $75
