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Question content area top Part 1 The list price of an item is $ 96.38. The supplier is offering a series trade discount of 9 divided by 21. Find the net cost



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lexie2fine

Answer: A series trade discount of 9/21 means that the discount is calculated as a fraction of the list price. To find the net cost, we need to subtract the discount from the list price.

First, let's convert the fraction 9/21 to a decimal:

9 ÷ 21 = 0.4286 (approximately)

Now, we can calculate the discount:

Discount = List Price × Discount Rate = $96.38 × 0.4286 ≈ $41.33

Next, we subtract the discount from the list price to find the net cost:

Net Cost = List Price - Discount = $96.38 - $41.33 ≈ $55.05

So, the net cost of the item is approximately $55.05.

Step-by-step explanation:

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