Question
If an invoice for $1800 is marked 1/10 n30 and is paid in 7 days, what is the cash discount? Group of answer choices $180
- If an invoice for $1800 is marked 1/10 n30 and is paid in 7 days, what is the cash discount?
Group of answer choices
$180
$198
$19.80
$18
2.An invoice for $34,500 is marked 3/10 n30. If a partial payment of $20,000 is made in 10 days and the remaining amount is paid within 30 days, what is the total amount paid?
Group of answer choices
$20,618.56
$33,881.44
$13881.44
3.If a tea kettle costs $7.64 and sells for $9.99, what is the markup and markup percentage?
24%
76%
31%
4.John's Retail purchased an order of wine, and paid $38 a bottle. If the store then sold each bottle for $64.99. What is the markup and markup percentage of cost?
$26.99, 58%
$26.99, 71%
$30.99, 48%
5.Fantastic Custom Framing bought frame materials on February 1st, with an invoice total of $8,750. The terms of the sale are 5/10, 2/20, n60. What is the net amount due if the bill is paid by February 20th?
Group of answer choices
$8,575
$7,875
$175
$875
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