Question: Drill Problem 7 - 2 ( Static ) [ LU 7 - 1 ( 4 ) ] Complete the following table: Note: Do not round

Drill Problem

7 - 2 (

Static

) [

7 - 1 (4)]

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

=

LG Blue

-

Ray player, LIST PRICE

=

201,

CHAIN ACCOUNT

= 6 / 5 / 3,

NET PRICE EQUIVALENT RATE

(

IN DECIMALS

) = ?,

SINGLE EQUIVALENT DISCOUNT RATE

(

IN DECIMALS

) = ?,

TRADE DISCOUNT

= ?,

NET PRICE

= ? .

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