Calculate the trade discount for both the given series

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Reference no: EM131621617

Question: We have seen that the trade discount series 20/10/5 is not equal to a single trade discount rate of 35%. Does the trade discount series 20/10/5 equal the trade discount series 5/10/20? Use an item with a list price of $1,000 and calculate the trade discount for both series to justify your answer.

Reference no: EM131621617

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