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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?

Guest Sep 24, 2017
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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)

NediaMaster  Sep 25, 2017

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