In addition to the regular trade discount of 25% and a volume purchase discount of 8 1/3%

Question:

In addition to the regular trade discount of 25% and a volume purchase discount of
8 1/3% from the manufacturer, Appliance Warehouse is offered a further 5% discount for orders placed in January.
a. What is the net price after all three trade discounts on refrigerators listed at $1195?
b. What is the list price on an electric range whose net price works out to be $470.25?
c. What single trade is equivalent to the three trade discounts?
d. After the regular and volume discounts are both taken, what dollar amount of savings does the extra discount for January orders represent on a $1000 list price item? Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...