1. A wholesaler listed a food additive for $4.00 per kg. Last winter, he offered 23.00% and 9.00% discounts to a retailer. Round your answer to 2 decimal places.

a. Calculate the net price to the retailer.

Round to the nearest cent

b. Calculate the single equivalent discount rate.

2. Shamrock Company received an invoice of $24,200 dated February 26, 2015 with payment terms 5/10, 2/15, n/45.

a. Calculate the amount required to settle the invoice on March 8, 2015.

Round to the nearest cent

b. Calculate the amount required to settle the invoice on March 13, 2015.

3. Digital Displays Inc. makes computer monitors and sells them for $325 each. To break even, it needs to sell 545 monitors per month. If the fixed costs are $8,900 per month, what is the variable costs per monitor?

4. A manufacturer of ovens sells them for $1,500 each. The variable costs are $630 per unit. The manufacturer's factory has annual fixed costs of $2,325,000.

a. Given the expected sales volume of 4,400 units for this year, what will be this year's net income?

Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent

b. How many units must the manufacturer produce to break even if the fixed costs increased by 5.00%?

5.Vanessa, a florist, purchases roses for $1.43 each. Her operating expenses are 23% on cost and operating profit is 55% on cost.

a. What is the amount of operating profit on each rose?

Round to the nearest cent

b. What is the selling price of each rose?

c. What is the rate of markup on selling price?

6. Luis purchased dress shirts to sell in her clothing store that has overhead expenses equal to 13.00% of costs. To make a profit of 14.00% of the cost, she sells them at a regular price of $60.00 each.

a. What rate of markdown is required to sell the shirts at break-even?

Round to two decimal places

b. What rate of markdown is required to sell the shirts at cost?

7. A bank in Toronto charges 2.4% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.1118.

a. How many Canadian dollars will you have to pay to purchase US$7,000?

Round to the nearest cent

b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?

8. CompuFit Outlet buys portable hard-disks for $500 each and has a rate of markup of 56% of the selling price. During a sale, it offers a markdown of 70%.

a. Calculate the regular selling price.

Round to the nearest cent

b. Calculate the reduced selling price.