Gupta runs a successful bakery and buys flour in bulk. Because he is such a good customer, his reseller gives him a discount off of list price. If he spends $768.95 on an amount of flour that lists for $845, what discount rate did he receive? What trade discount does this represent?
+70 He gets a discount of 9% off
(845*.09)=76.05 (Trade disocunt)
845-76.05=768.95 (Checking to make sure problem works out)
