1. A racing bike is listed for $1293.44 less 18 *, and 396. 3. What is the net price? b. what is the total amount of discount that was allowed? c. what is the exact single rate of discount that was allowed? 2. Import Exclusives Led. received an invoice dated May 20 from Dansk Specialities of Copenhagen with terms 5/20. R.O.G. for 100 teak trays at $34.30 each; 25 teak ice buckets at $63.60 each; 40 teak salad bowls at $34.50 each. All items are subject to trade discounts of 33 2, 7 1 %, and 9%. a. If the shipment was received on June 28, what is the last day of the discount period? b. What is the amount due if the invoice is paid in full on July 15? c. Ifa partial payment only is made on the last day of discount period, what amount is due to reduce the outstanding balance to $2500? 3. The Ski Shop received an invoice for $9600 dated August11, terms 5/10, 2/30, n/90, for : shipment of skis . The Ski Shop made two partial payments a. How much was paid on August 20 to reduce the unpaid balance to $7000? b. How much was paid on September 10 to reduce the outstanding balance by $3000? c. What is the remaining balance on September 10? 4. A car accessory is sold for $42.90. The store's markup based on cost is 50%. a. what is the cost of the car accessory? b. what is the rate of markup based on selling price? 5. A lakeside resort offered a midweek package at $199 per night for two people. The package included accommodation in one- bedroom suite, which regularly sold for $225; and breakfast for two, regularly priced at $12 per person. a. What was the markdown at which the packages were sold? b. What was the rate of markdown at which the packages were sold? 6. A clothing store buys shorts for $24 less 40% for buying over 20 pairs, and less a further 16 " for buying last season's style. The shorts are marked up to cover overhead expenses of 25% of cost and = profit of 33 1 * of cost. a. What is the regular selling price of the shorts ? b. What is the maximum amount of markdown to break even? c. Whatis the rate of markdown if the shorts are sold at the break-even prices