9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade discount?​

The trade discount is the discount of 5% equivalent to $25,000

Explanation:

The question parameters are;

The cost of the car, c = $500,000

The amount the car's list price is discounted = 5%

The duration over which the payment for the car should be made to receive the discount = 1 year

Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000

A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased

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