1. Smet Jewelers sells diamond rings for $1812 each less 22.1%. It's competitor across the street offers the same ring for $2054 less 19% and 15.3%. What additional rate of discount must Smet Jewelers offer to meet the competitor's price?

2.While she was at the store, it purchased 995 dress shirts that were listed for $50 each less trade discounts of 21%, 6%, and 2% from FXFusion in Vancouver. The store's operating expenses are 32% of cost and markup is 67% of cost. The store sold 567 shirts at the regular selling price. During a sale, it offered a markdown of 13% and sold another 275 shirts. It sold another 153 shirts at the break-even price. What is the total amount of discount received on the purchase of all 995 shirts from the manufacturer? Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.

3.An invoice in the amount of $28452.17 was originally dated April 30, 2022. It has payment terms of 5/10, 2/30 and n/60. The company making the purchase has agreed to make a cash payment of $10085 on May 1. What is the credited amount to the account?

4. What amount must be paid to settle an invoice of $1200.00 dated November 28, terms 3/10, n/30 if the invoice is paid on December 3?

5. A data storage device that costs $20.25 was sold for $79.99. Calculate the rate of mark-up based on the cost price.

6. Using your break-even price and regular selling price calculated in the previous questions question (5), what would the rate of markdown have to be to reduce the selling price to the breakeven price. Write your answer as a % correct to two decimal places.

7 .Jenna made a purchase of 995 jackets that were listed for $50 each less trade discounts of 21%, 6%, and 2%. The store's operating expenses are 32% of cost and markup is 67% of cost. During a sale, it offered a markdown of 13%. What would the rate of markdown have to be to reduce the selling price to the breakeven price. Answer must follow format of xx.xx rounded to 2 decimal places and include appropriate units.