Question

Royal furniture bought a sofa for 920 the sofa had 1520 list price. what is the trade discount rate

​

Answer 1

Answer: 65.22%

Step-by-step explanation:

From the question, we are told that Royal furniture bought a sofa for 920 the sofa had 1520 list price. The discount will be 1520 - 920 = 600

Discount rate = 600/920 × 100

= 65.22%

The discount rate is 65.22%