Question

The list price of a bicycle tire is $28 and the trade-discount rate is 15%. Find the net price to the nearest cent, using the complement method.

Answer 1

32.94$ is the answer to your question hope this helps

Answer 2

Answer: The net price to the nearest cent is $23.80.

Explanation:

Since we have given that

List price of a bicycle = $28

Rate of trade discount = 15%

So, Amount of trade discount would be

`(15)/(100)* 28\\\\=\$4.20`

So, Amount after discount, it would be

`\$28-\$4.20\\\\=\$23.8`

Hence, the net price to the nearest cent is $23.80.