Question 1: Three trade discount rates of 5% each are offered on an airplane ticket that is listed at $1200.
a. What is the net price of the ticket?
b. What is the amount of discount offered?
Question 2: Towards the end of winter, a distributor is selling leather jackets that were listed for $600 with the following three discounts: 15%, 10%, and 5%.
a. What is the net price of the leather jacket?
b. What is the amount of trade discount?
Question 3: Marissa paid $190.57 for a printer that she purchased after receiving trade discounts of 20%, 15%, and 5%.
a. What was the list price of the printer?
b. What single equivalent trade discount rate represents the series of discounts received?
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