31. In addition to the basic trade discount of 20%, an outboard engine manufacturer gives a boat dealer an additional discount of 12.5% for providing follow-up warranty service, and a 5% discount for cooperative advertising and boat-show promotions.

a.After the basic trade discount, what further price reduction (in dollars) does the 12.5% discount represent on an engine with a list price of $3000.

b.After the first two discounts, what price reduction does the 5% discount give on the $3000 engine

17. The rate of markup on the cost of a badminton racquet selling at $54.95 is 45%.

a.What was the cost of the racquet to the retailer?

Markup on cost =

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

5. Office Supply Depot plans to stop carrying the Casio FC-200 calculator. It normally marks up the calculator from the $31.50 wholesale cost to the regular selling price of $51.98.

a. What is the normal rate of markup on selling price?

b. what rate of markdown can be advertised if Office Supply Depot wishes to clear out the stock at $31.50, the wholesale cost?

25. Beaver Building Supply obtains 4-by-8-foot sheets of half-inch plywood from Macmillan Forest Products at $34 per sheet less discounts of 30% and 5%. The trade price is to be set to cover Beaver's overhead of 20% of the selling price and to provide an operating profit of 12% of the selling price. What should be the trade price per sheet?

7. Morgan's Department Store emailed out 15%-off coupons for its 20th Anniversary Sale. The coupons may be used for any products in the store. For items already on sale, the coupon applies to the sale price.

a.What price would a coupon holder pay for a duvet (regular price $295) already on sale at 20% off?

b.What single rate of markdown would have the same effect as the two price reductions?

9. Poles Apart obtains Nitro T1 snowboards at a cost of $345 and marks them up by 35% of the selling price. For its Annual Spring Sale, Poles Apart marks down prices by 25%. What is the sale price of the snowboards?