QuestionAugust 13, 2025

A single equivalent discount rate of 0.45975 means the buyer saves approximately 46 cents per 1 of list price. True or False True False

A single equivalent discount rate of 0.45975 means the buyer saves approximately 46 cents per 1 of list price. True or False True False
A single equivalent discount rate of 0.45975 means the buyer saves approximately 46 cents per 1 of list price.
True or False
True
False

Solution
4.5(133 votes)

Answer

True Explanation 1. Convert Discount Rate to Decimal The equivalent discount rate of 0.45975 means the buyer saves 0.45975 per \1. 2. Compare with Given Statement The statement claims a saving of approximately 0.46, which is very close to 0.45975.

Explanation

1. Convert Discount Rate to Decimal<br /> The equivalent discount rate of 0.45975 means the buyer saves $0.45975$ per $\$1$.<br />2. Compare with Given Statement<br /> The statement claims a saving of approximately $0.46$, which is very close to $0.45975$.
Click to rate:

Similar Questions