Business Math Lab

Trade Discount Worksheet with Answers

Written by Ivan Daniel · Published · How we check the math

Thirteen practice problems on single and chain trade discounts, with an answer key at the end. Print it, or choose “Save as PDF” in the print dialog to keep a PDF copy. Free to use in class or at home; no sign-up.

The answer key prints on a separate page, so you can hand out the problems alone.

Trade discounts and chain discounts: practice

Show your work. Keep interim values exact and round money to the nearest cent only in your final answer. Write rates as percents.

  1. Basic A box of printer paper lists at $85 with a 20% trade discount. Find the trade discount and the net price.

  2. Basic A wholesaler lists a commercial vacuum at $1,640 less 35%. Find the trade discount and the net price.

  3. Basic A case of cleaning spray lists at $72.50. A janitorial company gets a 12% trade discount. Find the net price.

  4. Basic A monitor lists at $560, and a reseller pays a net price of $420. Find the trade discount rate.

  5. Basic The list price of a walk-in cooler is $2,750 and the trade discount is $412.50. Find the trade discount rate and the net price.

  6. Intermediate After a 15% trade discount, a salon pays $289 for a styling chair. Find the list price.

  7. Intermediate A 40% trade discount on a tablet amounts to $96. Find the list price and the net price.

  8. Intermediate A set of shelving units lists at $640 less 10/5. Find the net price, the trade discount and the single equivalent discount rate.

  9. Intermediate A dental supply distributor lists an examination light at $1,275 less 30/10/5. Find the net price and the trade discount.

  10. Intermediate A supplier quotes 40/20/10 on a $1,000 order. Find the single equivalent discount rate. Is it the same as 70% off?

  11. Exam-style A print shop paid a net price of $1,404 for a laminator after a chain discount of 20/10. Find the list price.

  12. Exam-style Supplier X lists a commercial coffee machine at $920 less 30/10. Supplier Y lists the same machine at $900 less 25/10/5. Which net price is lower, and by how much?

  13. Exam-style An order of kitchen cabinets lists at $3,600 less 25/10, with terms 2/10, n/30. The buyer pays within the discount period. How much does the buyer pay?

Answer key

  1. Trade discount $17.00; net price $68.00.
  2. Trade discount $574.00; net price $1,066.00.
  3. Trade discount $8.70; net price $63.80.
  4. Trade discount $140.00; rate 25%.
  5. Rate 15%; net price $2,337.50.
  6. List price $340.00.
  7. List price $240.00; net price $144.00.
  8. Net price equivalent rate 0.855; net price $547.20; trade discount $92.80; single equivalent discount rate 14.5%.
  9. Net price equivalent rate 0.5985; net price $763.09 (from $763.0875); trade discount $511.91; single equivalent discount rate 40.15%.
  10. Net price equivalent rate 0.432; single equivalent discount rate 56.8%, not 70%. Net price $432.00.
  11. Net price equivalent rate 0.72; list price $1,950.00.
  12. Supplier X: $579.60. Supplier Y: $577.13 (from $577.125). Supplier Y is lower by $2.47.
  13. Net price $2,430.00; cash discount $48.60; amount paid $2,381.40.

Answers follow the rounding rule above. If you rounded a rate before multiplying, your answer may be one cent different.

Business Math Lab, Trade Discount Worksheet with Answers (https://businessmathlab.com/business-math/trade-discount-worksheet). Original practice problems.

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