Exit Ticket- Trade Discount & Complement

This is another method of finding the net price.

• complement method

• discount

• time spent

• ordinary dates

List Price: $460

Twenty percent trade- discount rate

Find the percent paid (complement method) and the net price.

• 20% & $368

• 80% & $368

• 90% & $356

• 80% & $460

What is the trade discount rate?

• The trade discount rate is the percentage by which the listing price of a product or service is reduced for trade customers.

• The trade discount rate is the fee charged for using a trade platform.

• The trade discount rate is the interest rate charged on trade loans.

• The trade discount rate is the tax imposed on trade transactions.

A _____________ is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer.

• Loyalty/Incentive Discount

• Trade Discount

• Volume Discount

• Commission

It is the final charge you pay for a product or service after discounts and sales taxes are computed.

• Net Price

• List Price

• Trade Discount

• Discount Rate

It is a fee for a service or product before discounts are deducted or sales taxes are added.

• Trade Discount

• Net Price

• List Price

• Discount Rate

List Price: $24.00

Trade-Discount Rate: 30 percent

a. Find the trade discount

b. Find the net price

• 30% & $16.80

• $7.20 & $16.80

• 70% & $16.80

• 30% & 70%

List Price: $24.00

Trade-Discount Rate: 30 percent

a. Find the complement

b. Find the net price

• 30% & $16.80

• $7.20 & $16.80

• 70% & $16.80

• 30% & 70%

Verna receives a 41 percent trade-discount rate on auto parts. She bought 2 water pumps for $95.99. What is the total list price and the net price using the complement method?

• List Price: 41%

  Net Price: $191.98

• List Price: $191.98

  Net Price: $113.27

• List Price: $ 113.27

  Net Price: $191.98

• List Price: $ 94.00

  Net Price: $ 55.46