Oct 14 Discount

A 27.5% discount on a refrigerator amounts to $1155. What is the list price?

• 4200

• 1848

• 2352

• I'm not sure

A dishwasher listed at $975 is sold for $780. What rate of discount was allowed?

• 80.0%

• 25.0%

• 20.0%

• I'm not sure

1.     A home gym is listed for $786.20 less 36%, 10%, and 2%

a.     What is the net price?

b. What is the single equivalent discount rate for the discount series?

Answer for part a is?

• 443.79

• 408.82

• 342.41

• I'm not sure

1.     A home gym is listed for $786.20 less 36%, 10%, and 2%

a.     What is the net price?

b. What is the single equivalent discount rate for the discount series?

Answer for part b is?

• 48.00%

• 43.55%

• 56.45%

• I'm not sure

An item listed by a wholesaler for $570 less 20%, 5%, and 2% is reduced at a clearance sale to $360.86. What additional rate of discount was offered?

• 15%

• 9.69%

• 11.17%

• I'm not sure

PB Wines advertised California Chardonnay listed at $185 per case for a discount of 24%. A nearby competitor offers the same Chardonnay for a net price of $130.76 per case. What additional rate of discount must PB Wines give to meet the competitor’s price?

• 5.32%

• 7%

• 70.68%

• I'm not sure

1.     Home Decor buys clocks from its supplier. A trade discount of 28%, a volume discount of 12%, and an early order discount of 5% are offered. If a clock is listed for $79.50,

a.     What is the dollar amount of the discount from the regular trade discount?

b.     What is the dollar amount of the discount from the volume discount?

c.      What is the dollar amount of the discount from the early order discount?

d.     What is the dollar amount of the discount if all three discounts are taken?

Note: The answer for each question should be separated by a comma, ie: 1,2,3

(a)  

1.     Canadian Tire received an invoice dated May 11 with terms 2/10, n/45. The amount stated on the invoice was $4299.

a.   What is the last day for taking the discount?

b. What is the amount due if the invoice is paid on the last day for taking the discount?

Answer for part a is?

• May 21

• June 25

• May 01

• I'm not sure

1.     Canadian Tire received an invoice dated May 11 with terms 2/10, n/45. The amount stated on the invoice was $4299.

a.  What is the last day for taking the discount?

b. What is the amount due if the invoice is paid on the last day for taking the discount?

Answer for part b is?

• 4386.73

• 4299

• 4213.02

• I'm not sure

Triton Company received an invoice for $1042 dated March 9 with terms 5/10, 2/20, n/60.

a.     If the invoice is paid on March 19, how much is to be paid?

b.     If the invoice is paid on March 27, how much is to be paid?

c. If the invoice is paid on April 3, how much is to be paid?

Note: The answer for each question should be separated by a comma, ie: 1,2,3

(a)