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An electrical supply store bought copper wire with a list price of $26,200. The wholesaler extended a trade discount which made the net price $15,206. What is the trade discount rate? Round to the nearest tenth of a percent.

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Actual price = $26200

Price after discount = $15206

So, Discount price = 26200 - 15206 = $10994

**Discount rate = (10994 / 26200)*100% = 41.96% = 42%**

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