1.A bank in Mississauga has a buying rate of 1 = C$0.01168. If the exchange rate is 1 = C$0.01198, calculate the rate of commission that the bank charges to buy currencies. ()% (Round to two decimal places )

2. Kelly found US$110 in her attic and sold it to a bank that charged her a commission of 0.85%. How much did she receive from the bank? Assume that the exchange rate was C$1 = US$0.72. Round to the nearest cent

3. A bank in London, Ontario charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3619.

a. How many Canadian dollars will you receive from the bank if you sell US$1,325?

b. How much commission will you pay the bank for this transaction?

4. A specific model of computer servers are being sold by Company A for $26,600 each, offering trade discounts of 8% and 5% and by Company B for $35,600 each, offering trade discount rates of 13% and 2%.

a. Which company offers the servers for a cheaper price?

b. What further trade discount rate must the company with the higher price provide to match the lower price?

5. Skis are listed by a manufacturer for $900, less trade discounts of 35% and 17%. What further rate of discount should be given to bring the net price to $442? ()% Round to two decimal places

6. Marissa paid $250.84 for a printer that she purchased after receiving trade discounts of 14%, 4%, and 2%.

a. What was the list price of the printer?

b. What single equivalent trade discount rate represents the series of discounts received?

()% Round to two decimal places