Trade discount, cash discount markup and markdown

Find the single equivalent discount of the trade discount series 20%, 25%, 10%.   

• 86.5%

• 82%

• 54%

• 46%

The cost of a toaster is $19.95.  The appliance store has a markup of 35% based on selling price.  Find the selling price.  

• $30.69

• $26.93

• $57.00

• $32.92

The terms of an invoice are 3/10, n/30 E.O.M.  The invoice date is April 10.  The last date on which the discount can be taken is:  

• April 20

• May 10

• April 30

• May 30

A. R. Black Ltd. has received an invoice for $500 subject to trade discounts 10%, 20%.  A cash discount with terms 4/15, n/30 is offered.  If A.R. Black pays the bill within the discount period, find the amount paid.

• $360.00

• $345.60

• $480.25

• $432.00

The cost of a book to the bookstore is $29.  Expenses are 20% of the cost, and the Profit is equal to 10% of the cost.  Find the selling price.

• $42.50

• $34.80

• $31.90

• $37.70