Answer: See explanation
Step-by-step explanation:
Since the complement is the difference between 100% and discount rate. Since the China Company offers a trade-discount rate that is 4 times the complement of the trade-discount rate. Therefore, the discount rate will be 80% and the complement 20%.
Therefore, the trade discount will be:
= List price × Trade discount rate
= $58.75 × 80%
= $58.75 × 0.8
= $47
Net price = List price - Trade discount
= $58.75 - $47
= $11.75
