4. If it costs $1,845.81 CDN to buy 1,250.00 Euros, what would it cost to purchase 750.00 Euros? (3 marks)

5. A wholesaler listed a food additive for $16.00 per kg. To attract a new buyer the product was offered with the following discounts; 16%, 12% and 3%. Respond to the following questions.

a) What is the actual price being offered for this product? (3 marks)

b) What is the single equivalent rate of discount that is being allowed?

6. Maroon Company received an invoice for $242,000 dated November 26th with payment terms 4/5, 3/20, n/45 EOM.

a) What is the last day for taking advantage of the 4% discount? (1 mark)

b) If a partial payment, in the amount of $150,000.00 is made on that day from (a), determine the amount that will credited to the account

7. After paying income taxes of 29.7%, Adrianas annual take home income was $42,830. What is Adrianas income before taxes are deducted? (3 marks)

8. Walsh Promotions and Events received an invoice of $34,200.00 for catering services at their annual company picnic. The invoice was dated June 10 and had the following payment terms 3/10, 1.5/15, n/45. Calculate the amount required to settle the invoice in full on June 21st.