Business Math

Question

Ned purchases novelty items for his shop at the local mall. Coffee mugs have a list price of $8.23 and a trade-discount rate of 40%. What is the complement of the trade-discount rate?

Answer 1

after a 40% discount on $8.23 the after discount price = (1-.4)(8.23)=.6(8.23)= 4.938

= $4.94

rounded up to nearest cent