BADM 120

Assignment 3
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1) The net price of an article is $272.20 after discounts of 21% and 16% have been allowed.
What was the list price?

2) An invoice for $6200.00, dated May 28, 3/10, 1/20, n/60, was received on May 30. What
payment must be made on June 5 to reduce the debt to $4760.00?

3) The Exotic Import Company received an invoice dated January 5 for a shipment of goods
received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How
much must Exotic Import pay on January 20th to reduce its debt

a) by $3000.00?

b) to $3000.00?