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Find the net cost of each of following list prices. Round to the nearest cent. 50. $2008 less 10/5/20 54. $8220 less 30/5/10 Solve
Find the net cost of each of following list prices. Round to the nearest cent. 50. $2008 less 10/5/20 54. $8220 less 30/5/10 Solve the following application problems. Round to the nearest cent. 22. Nintendo after a series trade discount of 10/5, a new Nintendo game had a net cost of $18.69. Find the list price. Solve the following two review application exercise on trade discounts. 24. STAINLESS STEEL GRILL A stainless steel gas grill is list priced at $495. The manufac turer offers a series discount of 25/20/10 to wholesalers and a 25/20 series discount to retailers. (a) What is the wholesaler's price? (b) What is the retailer's price? (c) What is the difference between the prices? # 12 #2 #4 #8 Date invoice paid $1282 July 14/15, net40 July 7 # 12 Invoice Invoice amount date 20. FINDING DISCOUNT DATES An invoice with terms of 4/15, 3/20, 1/30, n/60 is dated September 4. Find (a) the three final discount dates and (b) the net payment date. (a) 4% discount date: 3% discount date: 1% discount date: (b) The net payment date: Invoice date July 6 Jan 15 Invoice amount $12.38 $1380 Invoice date terms Mar 29 May 28 terms 2/10 EOM 3/15 ROG terms 2/15 ROG 1/15 EOM Shipping and insurance Date goods received Apr 15 $21.40 Date goods received Feb 5 Amount of discount Date invoice paid Apr 30 June 10 Final discount date Total amount due Amount of discount Net payment date Amount due
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