BM427 Review Trade and Cash Discounts
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Last updated over 4 years ago
14 questions
1
The list price of a refrigerator is $1,550. The retailer can purchase it for a 20% discount. Calculate the trade discount.
The list price of a refrigerator is $1,550. The retailer can purchase it for a 20% discount. Calculate the trade discount.
1
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.
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.
1
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?
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?
1
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.
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.
1
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.
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.
1
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 the trade discount for this table. (Hint: Use your answer from the previous problem (#5) to help you)
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 the trade discount for this table. (Hint: Use your answer from the previous problem (#5) to help you)
1
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 total net price of the order.
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 total net price of the order.
1
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.
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.
1
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.
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.
1
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.
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.
1
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?
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?
1
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?
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?
1
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?
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?
1
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.
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.