Complete the following table: (Round net price equivalent rate and single equivalent discount rate 4 decimal places. Round the dollar amounts to the nearest cent)

Item	List price	Chain discount	Net price equivalent rate (in decimals)	Single equivalent discount rate (in decimals)	Trade discount	Net price
Panasonic DVD Player	$191	0/3/2			$	$

Trade Discounts:

Trade discounts are offered by businesses in order to provide customers with incentives to buy. These discounts are typically offered to resellers rather than the end-customers. By offering these discounts, wholesalers help resellers to increase their profit margin.

Answer rating: 100% (QA)

here list price Chaim discount is 1 Net Price equivalent rate Net price equivalent ... View the full answer