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2)Zachary found US$150 in her attic and sold it to a bank that charged her a commission of 0.75%. How much did she receive from
2)Zachary found US$150 in her attic and sold it to a bank that charged her a commission of 0.75%. How much did she receive from the bank? Assume that the exchange rate was C$1 = US$0.73.
Round to the nearest
3) A bank in Toronto charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3635.
a. How many Canadian dollars will you have to pay to purchase US$1,430?
Round to the nearest cent
b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction?
Round to the nearest cent
4) A clothing distributor in Ajax, Ontario sells a designer suit for $1,500 less a discount of 30.00%. Another distributor in Oshawa, Ontario sells a similar designer suit for $1,445 less a discount of 23.00%.
a. Which distributor offers the cheaper price for the suit?
Ajax Seller
Oshawa Seller
b. What further trade discount should the distributor with the more expensive suit offer to match the price of the suit offered by the other distributor?
Round to two decimal places
5) Skis are listed by a manufacturer for $890, less trade discounts of 30% and 18%. What further rate of discount should be given to bring the net price to $449?
%Round to two decimal places
6)The net price of an item after trade discounts of 32.00%, 12.50%, and 3.00% is $1,660.00.
a. Calculate the regular selling price of the goods.
Round to the nearest cent
b. Calculate the equivalent discount rate of the series of discount rates.
%
Round to two decimal places
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