Z zhyia Junior Member Joined May 30, 2006 Messages 53 Jun 11, 2006 #1 A car is marked down from 31,500 to 29,137.50. What was he discount rate? 31,500.00 -29,137.50 =2362.50 in savings 31,500/7.5%=2362.50 So the total discount rate should =7.5%
A car is marked down from 31,500 to 29,137.50. What was he discount rate? 31,500.00 -29,137.50 =2362.50 in savings 31,500/7.5%=2362.50 So the total discount rate should =7.5%
J jonboy Full Member Joined Jun 8, 2006 Messages 544 Jun 11, 2006 #2 Yes you are correct. To check: 31,500 * .075 = x
