GE 104B Mathematics 11 Module V

Solve for the following review problems:

1. Find the trade discount of each of the following:

a. list price of P540 and discount rate of 12%

b. list price of P259.60 and discount rate of 22 %

c. list price of P1,565 and discount rate of 40%

d. list price of P754.87 and discount rate of 33 1/3%

e. list price of P89.79 and discount rate of 2 %

2. Find the single equivalent discount rate of each of the following:

a) 10.5/5

b) 20/12/5

c) 25/15/10

3. Find the total trade discount when:

a. the list price is P640.00 and the discount rates are 10/5/2

b. the list price is P1,257.60 and the discount rates are 25/15/10.

c. the list price is P75,700 and the discount rates are 10/5.5/2.5.

4. Find the latest date on which discount can be taken and the last day invoice can be paid for each of the following:

Invoice Date	Terms
a) Sept. 11	5/10, n/30
b) June 24	2/15, n/30
c) Nov 5	15/20, n/60
d) March 22	5/10, n/30
e) April 12	10/30, n/60

5. A wholesaler offers a trade discount of 15/10/5 with terms of 3/10, n/30. If the list price on the invoice is P20,000, what amount is due if the discount is taken?

6. The list price of an item is P8,000 with an invoice date of Nov.2, 2009. If the manufacturer offered a trade discount of 25/15 and terms of 5/15, n/30. What was the dealer's net cost if buyer enjoyed the trade discount and paid the net balance on Nov. 15, 2009?

7. An item which lists for P65,000 has trade discounts of 10/8/5. What is the net price?

8. Company A offers trade discounts of 25% and 2% while Company B offers10/15/2 trade discounts for 15/17/2. Please show the discounts offered by each company if list price amounts to P 5,000.00

9. A store receives a delivery of sporting goods totaling P58,500 and returns P700.00 worth of items. Terms are 4/10, n/60. If discount are taken, find the net amount due.

10. A service company receives an invoice amounted to P90,500 for the purchase of some office supplies. Terms where 4/10, n/90. If the company takes advantage or the discount, how much will it save?

11. If an invoice totals P 28,000, inclusive of delivery charge of P2,000, and terms are 5/10, 3/20, n/30 R.O.G. If invoice is paid 11days from receipt of goods, what is the net amount to be paid?

12. A restaurant received an invoice dated April 5,2009 which totaled P28,300. Terms were 3/, n/30 E.O.M., with trade discounts of 15% and 10%.

a. Find the latest payment on which discount can be taken.

b. What amount was due if invoice was paid on May 17, 2009?

13. A hardware store received an invoice totaling P76,500 dated June 25, 2009. Terms were 2/10, n/60 ROG. The merchandise was received on July 21,2009.

a. What was the final date of payment under the discount period?

b. What was the amount paid on that date?

c. What if payment was made on August 5, 2009. What was the amount to be paid?

14. An invoice dated March 6, 2010 in the amount of P 120,000 included trade discount terms of 2%, 5.2%, 3% and cash discount terms of 5/10, n/30. What amount would be paid on March 15, 2010. What is the latest date to enjoy the discount?

15.An invoice for P 85,000 is dated August 20, 2010 with discount terms of 8/20, 3/30, n/60 ROG. The goods were received on August 28,2010.

a. Find the latest date on which 8% discount may be taken?

b. Find the latest date on which 3% discount may be taken?

c. What amount will be due on September 21,2010?