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1.A company manages an electronic equipment store and has ordered 100 remote controlled color TVs for a special sale. The list price for each TV is $200 with a trade discount series of 5/10/4. Find the net price of the order by using
2.A television game device has a list price of $294 and a trade discount series of 5/8. Find the net price and trade discount? Net price is ____ The trade discount is _____
3.A man received an invoice dated March 9, with term 2/10, n/30 amounting to $550. He paid the bill on March 12. How much was the cash discount? The cash discount was____
4.A man gets an invoice for $410 with terms 2/10, 1/5, n/28. How much would he pay 25 days after the invoice day? He would pay _____
5.An invoice for a camcorder that cost $1250 is dated August 2, with sales terms of 3/10 EOM. If the bill is paid on September 5, how much is due? The net amount due is _____
6.An invoice for $300 is dated October 4 and has sales terms of 5/10 ROG. The merchandise arrives October 20. How much is due if the bill is paid October 27? The net amount due is ____
7.A repair shop received a shipment of goods from a distributor. The bill of lading was marked freight collect. Who paid the freight? To whom was the freight paid? Choose the correct answer.
8. Selling price = $39.99; Markup = $13.99. Find the cost. The cost is ___
9. Markup = $60; Rate of markup based on cost = 85%. a. Find the cost b. Find the selling price.
10. 19 decorative enamel balls cost $11.77 each and are marked up $9.33. a. Find the selling price for each one. b. Find the total amount of margin or markup for the 19 balls.
11 A sofa costs $371 and sells for $593.60, which is 160% of the cost. a. The rate of markup is ___% b. The markup is $___
11. What is the cost of a sink that is marked up $179 if the markup rate is 65% based on the cost? The cost is $___
12. Selling price = $1980; cost = $753. Find the rate of markup based on the selling price. Round to the nearest tenth of percent. The rate of markup is ___%
13. Markup rate based on selling price = 19%; markup = $350. Find the selling price. Round to the nearest cent. The selling price is $____
14. An item has a 22% markup based on selling price. The markup is $400. a. Find the selling price b. Find the cost Round to the nearest cent.
15. An item sells for $48 and is reduced to sell for $30. Find the markdown amount and the rate of markdown. The markdown amount is $____ The rate of markdown is ____%
16. An item is originally priced to sell for $75 and is marked down 25%. A customer has a coupon for an additional 5%. What is the total percent reduction ? The total percent reduction is
17. Paul’s Grocery received 1000 pounds of onions at $0.12 per pound. On the average, 4% of the onions will spoil before selling. Find the selling price per pound to obtain a markup rate of 180% based on cost. The selling price per pound is $____
18. A director of accounts received a bill for $644, dated April 5, with sales terms 2/10, 1/15, n/30. A 3% penalty is charged for payment after 30 days. If the director of accounts pays on or after May 6, how much must he pay? The total bill is $___