1. Calculate the amount to be paid on each invoice. (3 marks)

Date of Invoice	Amount of Invoice	Terms	Date Invoice Paid	Amount Paid
May 4, 2000	$1376.50	3/30, n/60	June 2, 2000
April 25, 2001	$3976.48	2/10, 1/30, n/60	May 8, 2001
June 7, 2001	$375.80	2/10 E.O.M.	July 5, 2001

2. Dawson Wholesales received an invoice from General Meat Packers for $3587.94 dated November 2 with items 5/15, 2/20, n/30. The new accounts assistant paid $3122.85 on November 18. How much does the firm owe the meat packers? (2 marks)

3. Calculate the net price. (4 marks)

List Price	Rate of Trade Discounts	Net Price
$2637.98	17% and 10%
$543.88	22.5%, 7% and 3%

4. Make the extensions in this invoice and calculate the total amount due (4 marks)

Modern Plumbing

Supply Company

376 Maple Street Ottawa, ON, L1M 0N7 Phone: 397-4174

Wholesale Distribution

Qty. Ordered	Make	Description	Amount
72 175 207	Gales ATSM Kerr	Gaskets #3175@ $1.59 less 35% and 15% Screws #461-3-5 @ $0.19 less 15% Connectors Cups 33A @ $0.77 less 22% and 5%
		Total Amount Due

5. Nova Electronics found that a computer part was listed at the same suggested retail price in catalogues from two different manufacturers. However, the first catalogue offered discounts of 22% and 8% while the second offered discounts of 16%, 6% and 4%.

Which is the better offer? By what percent less? (2 marks)

Please show the solution about the topic discounts...