Drill Problem $7-1($Static$)[$LU $7-1(4)]$

Complete the following table: item$=$ HP computer, Chain Discount $=4/1,$ Net price equivalent rate $($in decimals$)=?,$ Single equivalent discount rate $($in decimals$)=?,$ Trade discount $=?,$ Net price$=?.$

Note: Do not round net price equivalent rate and single equivalent discount rate. Round the dollar amounts to the nearest cent.