The list price of a refrigerator is $1,550. The retailer can purchase it for a 20% discount. Calculate the trade discount.
Question 2
2.
The list price of a lamp is $36.50. The retailer can purchase it for a 15% discount. Calculate the net price that the retailer has to pay for the lamp.
Question 3
3.
Manufacturer A lists a chair for $250 with a 30% trade discount.
Manufacturer B lists the same chair for $240 with a 20% trade discount.
Calculate the net price for the chair from both manufacturers.
Which manufacturer offers the better deal?
Question 4
4.
A drill set has a list price of $115. A trade discount series of 20/10/5 is offered on this product.
Calculate the net price for the drill set.
Question 5
5.
A kitchen table has a list price of $400. A trade discount series of 20/20/10 is offered on this product.
Calculate the net price for this table.
Question 6
6.
A kitchen table has a list price of $400. A trade discount series of 20/20/10 is offered on this product.
Calculate the amount of thetrade discount for this table. (Hint: Use your answer from the previous problem (#5) to help you)
Question 7
7.
A retailer purchases 20 boxes of stationary with a list price of $10 each and 400 greeting cards with a list price of $4 each. They received a discount rate for the order of 15%.
Calculate the totalnet price of the order.
Question 8
8.
A retailer buys 30 frying pans listed at $40 each with a trade discount of 10%.
Calculate the net price that the retailer has to pay for this order of frying pans.
Question 9
9.
Domingo ordered 20 dartboards listed at $145 each. He received a trade discount series of 10/20 on the dartboards. He also ordered 15 bowling balls listed at $50 each with a trade discount series of 15/10.
Calculate the total net price for his entire order.
Question 10
10.
Janice received an invoice with a net price of $2,000 dated March 6th with cash discount terms of 2/10, n/30. She paid the bill on March 15th. Calculate the net amount of the invoice that she paid.
Question 11
11.
Shawn received a bill dated September 7th with cash discount terms of 3/10, 1/20, n/45.
What is the last day he can receive a 3% discount?
Question 12
12.
Shawn received a bill dated September 7th with cash discount terms of 3/10, 1/20, n/45.
What is the last day he can receive a 1% discount?
Question 13
13.
Shawn received a bill dated September 7th with cash discount terms of 3/10, 1/20, n/45.
What is the last day he can pay the bill before it is late?
Question 14
14.
Gladys received an invoice on April 27th with a net amount of $3,500. The cash discount terms were 3/10, n/30. Calculate the net amount of the invoice if she pays the bill on May 7th.