A travel agent is able to offer a client a 15 percent discount on a luxury hotel suite that normally costs $375 per night. What is the discounted rate?

Discounted amount luxury hotel suite = $56.25

Explanation:

Given:

Discount rate on luxury hotel suite = 15%

Cost of luxury hotel suite = $375 per night

Find:

Discounted amount luxury hotel suite

Computation:

Discounted amount luxury hotel suite = Discount rate on luxury hotel suite x Cost of luxury hotel suite

Discounted amount luxury hotel suite = 375 x 15%

Discounted amount luxury hotel suite = 375 x 0.15

Discounted amount luxury hotel suite = $56.25

answer; (b) insider trading;