SHOW COMPLETE SOLUTION:

*ACTIVITY 1: Trade Discounts ( Single Discounts) a. Complete the following: LIST DISCOUNT NIP RATE DISCOUNT RATE 5% NET INVOICE PRICE a. 158.75 b. 865.00 c. 1,300.00 d. 3,650.00 e. 725.00 f. 630.00 104.00 803.00 3% 8% 522.00 582.75 945.75 1,104.00 5,512.50 430.09 h. i. j. . 612.50 94.41 b. Complete the following: LIST DISCOUNT NIP RATE NET INVOICE PRICE DISCOUNT RATE 15% 22-% a. 563.50 b. 105.00 53.50 13.00 c. 428.00 d. 75.00 e. 229.95 f. 870.00 194.61 778.65 46.50 1,790.00 7% h. 101% i. j. 138.75 111.50 416.25 999.00