Question
PLEASE SHOW ALL WORK! 1. Amber is an appliance dealer. She can buy a freezer for a list price of $820 with a 25% trade
PLEASE SHOW ALL WORK!
1. Amber is an appliance dealer. She can buy a freezer for a list price of $820 with a 25% trade discount. What is Ambers net price?
2. Sean is a carpet retailer. He can buy carpet from a wholesaler for a list price of $22 per yard. If Sean receives a series discount of 20/10, what is his net price?
3. For the last 15 years, Tina has been receiving a 20/15/5 series discount. Find the equivalent single discount rate.
Step 1 (complements) Step 2 (multiply complements) Step 3 (complement of Step 2)
4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the discount period?
5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are 2/15, n/30, what amount must you pay if you pay within the discount period?
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