1.

Import Exclusives Ltd. received an invoice from Dansk Specialties of Copenhagen with terms 5/20 R.O.G. for the items listed below.

110 teak trays at $35.50 each

20 teak buckets at $60.10 each

35 teak salad bowls at $54.90 each

All items are subject to trade discounts of 31 2/3%, 6 1/2%, and 4%.

(a)	If the shipment was received on April 26, what is the last day of the discount period?
(b)	What is the amount due if the invoice is paid in full on May 10?
(c)	If only a partial payment is made on the last day of the discount period, what amount is needed to reduce the outstanding balance to $2200?

3.

Guiseppe's buys supplies to make pizzas at a cost of $5.57. Operating expenses of the business are 132% of the cost and the profit he makes is 193% of cost. What is the regular selling price of each pizza?