"Tommy’s Music orders some music books which list for $9.95. What is their cost, after a 20/10 trade discount?"

A wholesale firm made sales with the following list prices and trade discounts. Calculate the amount the firm will use to record each sale in the sales journal. A. List price of $1,700 and trade discount of 55 percent. B. List price of $1,300 and trade discount of 45 percent. C. List Price of $2,200 and trade discounts of 30 and 20 percent. (Round your answer to 2 decimal places.) A. Amount B. Amount C. Amount

Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,941. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should Norfolk debit to the Inventory account? Round your answer to the nearest whole dollar. a.$10,459 b.$10,250 c.$19,214 d.$14,941

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On March 2, ABC sold $4,500 of merchandise on account, terms 2/10,n/30 to XYZ. The goods cost $3,100. XYZ returned $400 worth of goods on March 5. The goods cost $160. Select the option that best represents the return on March 5.

Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Trade Extended Quantity Unit Merchandise Unit List Discounts Total 150 Blenders $39.95 20/15/15 24 ea. 400 ea. Toasters $37.88 20/10/10 2$ 18 doz. Coffee Mills $244.30 30/9/7 2$ 12 doz. Juicers $440.00 25/10/5 2$ Invoice subtotal 2$ Extra 5% volume discount on total order $ Invoice total 2$

A computer lists for $ 600. 1. Find the trade discount if a discount rate of $ 10 is offered. 2. Find the net price. 3. Find the net price rate. 4. Use the net price rate to recalculate the net price.

Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Trade Extended Quantity Unit Merchandise Unit List Discounts Total 150 ea. Blenders $39.95 20/15/15 $ 300 ea. Toasters $38.88 20/10/10 18 doz. Coffee Mills $244.30 30/9/6 12 doz. Juicers $480.00 25/10/5 Invoice subtotal Extra 5- % volume discount on total order - Invoice total %24 %24 %24 24

A. Solve the following (round off 2 decimal places): 1. How much is the discount for an item with a list price of P13,500 subject to a 15% discount? What is the net price? 2. A cabinet listed at P14,000 is sold to a retailer at 14.7% discount. Find the amount of trade discount and the net price. al dinning sets at the s 3. Two suppliers offer identical dinning sets at the same list price. However, Company A gives trade discount series of 15%, 10 %, and 10% while Company B offers 20%, 10%, and 5%. Which is a better discount for the buyer? 4. Yuki bought a notebook set for P250. She spent P20 for transportation fee. She sold her notebook for P260. a. How much is the profit or loss? b. What is the profit/loss percent? VICI VE