1. Jackets are purchased from the Lilly Manufacturing Company at $296.00 per item. Trade discounts of 30%, 20%, 10% were offered to the buyer.

a. How much would the buyer pay for each item if no other discounts were applied? (1 point)

b. What is the $Trade Discount applied on this purchase? (1 point)

2. The Krazia Manufacturer's list price for coat(s) was $90.00 per item. The buyer placed an order of 100 coats with trade discounts of less 30, less 10, less 5.

a. Find the net amount the buyer paid if no other discounts were allowed. (1 point)

b. What is the $Trade Discount applied on this purchase? (1 point)