discount of 15% means that you pay 85%
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100 - 15 = 85
When a product or item is sold to a reseller the trade discount is the amount or rate by which the retail price is reduced.It reflects the resellers profit margin.
percentage rate= 10%= 7.5/75 * 100% = 0.1 * 100% = 10%
The tax rate is 6%
this answer is different from institution to institutions ... The Fed's board of governors raised the discount rate on loans made directly to banks by a quarter of a percentage point, to 0.75 percent from 0.50 percent ...Discount Rate.