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Trade discount, cash discount markup and markdown

Total questions: 5

Worksheet time: 15mins

Name
Class
Date
1.

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

a)

86.5%

b)

82%

c)

54%

d)

46%

2.

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

a)

$30.69

b)

$26.93

c)

$57.00

d)

$32.92

3.

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:  

a)

April 20

b)

May 10

c)

April 30

d)

May 30

4.

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.

a)

$360.00

b)

$345.60

c)

$480.25

d)

$432.00

5.

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.

a)

$42.50

b)

$34.80

c)

$31.90

d)

$37.70