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Outdoor Expo provides guided fishing tours. The company charges $140 per person but offers a 20% discount to parties of four or more. Consider the

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Outdoor Expo provides guided fishing tours. The company charges $140 per person but offers a 20% discount to parties of four or more. Consider the following transactions during the month of May. May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($560 - $112 * 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 6 discount for payment within 15 days. (Hint: the price of the tour is the group discount price mentioned above. I May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught. May 15 Upon deeper investigation, management of Outdoor Expo discovers that charlene's tour was led by a new guide who did not take the group to some of the better fishing apots. In concession, management offers a sales allowance of 30% of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. (Hint: Did Charlene pay within the discount period? If so, Outdoor Expo records a sales discount when it receives cash from Charlene. The discount would be computed on the amount Charlene owes after the sales allowance is granted on May 15. Enter the amount of sales discount with two decimal places (0.9., $11.52). 1

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