1) The single equivalent discount is a single trade discount that equates to all the discounts in a series or chain.

true or false?

2)The markdown is the difference between the cost and the selling price of an item.

true or false?

3) Find the range of the following sets of values:

1,9102,8141,6121,1002,2101,418

4) Determine the median of the following sets of values:

42%86%50%12%51%49%52%23%

5)Find the trade discount rate if merchandise with a list price of $9,600 was sold at a net price of $5,280?

28%

45%

36%

55%

6) Calculate the mean of the following sets of values, rounding to the nearest tenth when necessary.

6510415228647