Which of the following are important skills that contribute to financial literacy (24)

Look at the question below

1. A company makes snowboards that retail at $1250. The company offers chained discounts of 30% and 5% to its retailers. a. Calculate the price a retailer would pay for the snowboards. b. What single discount (single equivalent discount) is equivalent to these two discounts. C. What is the percent markup of the retailers. d. Due to a slowdown in sales the manufacturer would like to increase the total discount given to its retailers to 40%. What additional chained discount must they offer?

A buyer for a retail store negotiates discounts of 30%, 15%, and 5% (taken successively) on a certain mattress. If the mattress has in initial price of $904, what price will the buyer actually pay after the discounts are applied? (Round to the nearest cent.)

1. Miracle Appliance is a wholesaler of kitchen appliances. You are the purchaser for a home store retailer. Miracle Appliance offers the KIT532 model refrigerator at a list price of $657. Miracle offers your company a trade discount of 25 percent. a. What is the amount of the discount for this refrigerator? b. What net price will you pay for this model refrigerator?

# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?

1. You buy goods with a list price of $800. You return goods that are defective, having a list price of $50. You are entitled to a trade discount of 20%. The seller paid $20 in freight on your behalf and added the amount to the invoice. You are offered a 4% cash discount if you pay the invoice within 15 days. What is the net amount you should pay the supplier if you make payment within the discount period?

Please see imagine for question

Bargain city clothing store purchased raincoats for $38.10. The store requires a markup of 49% on the regular selling price. What new regular selling price should be marked on the raincoats if the store wants to offer a 32% discount without reducing its markup? regular selling price= new regular selling price =

You place and order for 100 units of inventory at a unit price of  P 50.00. The supplier offers terms of 3/30, net 90. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? How much is the discount offered? How quickly must you pay to get the discount? If you take the discount, how much should you remit? If you don’t take the discount, how much interests are you paying implicitly? How many days’ credit are you receiving?

Sharma Kennels buys some items with a list price of $4,100. The supplier extends a 40% trade discount rate. What is the net price (in $)?

Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B       (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?

5. Bargain Plaza Tire Market has glass-belted radial tires that regularly sell for $129.90 on sale for $89.00. What is the discount?

" A discount store buys a piece of luggage whose list price is $80. They receive a 40% trade discount. What is their net cost?"

A boutique buys some merchandise with a list price of $3,800. If the wholesaler extends a 30% trade discount rate, find the trade discount (in $).

Crazy Cliff’s Computers (CCC) purchases computer parts from its suppliers 2/5, net 30.  What is the effective annual cost of not taking the trade discount?       Select one: a. 2.00% b. 2.04% c. 27.43% d. 34.31% e. None of the above.

Sam's SnowBoards.com offers 6/5/2 chain discounts to many of its customers. The Ski Hut ordered 20 snow boards with a total list price of $6,600. a. What is the net price of the snow boards? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Net price b. What was the trade discount amount? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Trade discount amount

A store has a sale with 10 % off every item.  When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price.  If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent?

An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.

A woman’s store sells the following categories of clothing or the following prices : Blouse :GH 14 Skirt:GH 16 Dress:GH 25 Pantyhose:GH 2 pair for GH3 Socks :GH 7 A lady goes to the store on a day when the store has 20% off sale on all skirts.If Yaa buys 2 skirts,1 dress ,and 4 pairs of pantyhose,How much money does lady have to pay ?

A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.) Single equivalent discount Trade discount Need Help? Read It Master It Watch It

A wholesaler purchases widgets for $8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks up by 20% on the retailer purchase price, while the retailers mark up by 25% on the wholesaler selling price. Here, the retail selling price to the consumer is: O $12.00 O $12.80 All the other 4 answers are correct. $12.50 O $13.33