Question 1

Points: 1

Answer:

 Question 2
Points: 1

Working Method: Selling price is = $92.61

 So, the markup + cost = selling x + y=92.61

25
25x=11y, then x x =92.6
11

36x = 92.61 × 11 =

Question 3
Points: 1
Find the net cost equivalent for the following discount.
5/5/40/10

Question 4
Points: 1
Solve the problem. Round to the nearest cent.
The list price of a keyboard is $597. If the series discount offered is 10/25/35, what is
the net cost after trade discounts?

Answer:
 Question 5
Points: 1

A.

Markup = $1.94 | Selling price = $10.75 | % Markup on cost = 18.0%

B.

Markup = $1.94 | Selling price = $6.87 | % Markup on cost = 22.0%

C.

Markup = $2.48 | Selling price = $6.33 | % Markup on cost = 28.2%

D.

Markup = $2.48 | Selling price = $11.29 | % Markup on cost = 28.2%

 Question 6
Points: 1

A.

$280.50
 B.

$243.08

C.

$1294.71

D.

$1122.00

Question 7
Points: 1
Solve for the amount of discount and amount due.

Invoice amt: $44.81

Invoice date: May 6
Terms: 2/10, net 30
Date paid: May 15

Question 8
Points: 1
Solve for the amount of discount and amount due.
Invoice amt: $502.45
Invoice date: Nov 10
Terms: 2/13 ROG
Goods received: Dec 4
Date paid: Jan 10
Question 9
Points: 1
Find the final discount date and the net payment date.

Invoice date: June 14

As of: June 18
Terms: 6/20, n/60

 Question 10
Points: 1

A.

Operating exp = $47.68 | Operating loss = $37.30 | Absolute loss = $10.38

B.

Operating exp = $8 | Operating loss = $10.38 | Absolute loss = $2.38

C.

Operating exp = $10.38 | Operating loss = $8 | Absolute loss = $2.38

D.

Operating exp = $8 | Operating loss = $2.38 | Absolute loss = $10.38

Question 10.

Solve for the amount of discount and amount due.

Invoice amt: $1160
Invoice date: May 20
Terms: 5/10, n/60
Shipping/Insurance: $32.52
Date paid: May 28

Question 12
Points: 1
Solve for the amount of discount and amount due.
Invoice amt: $571.14
Invoice date: Mar 5
Terms: 1/10 - 20x
Goods rec'd: Mar 7
Date paid: Apr 4

Question 13
Points: 1
Solve for the amount of discount and amount due.
Invoice amt: $293.41
Invoice date: Sept 13
Terms: 3/11 EOM
Goods received: Sept 16
Date paid: Oct 9

 Question 14
Points: 1

A.
 Cost = $143 | Reduced price = $135 | Operating loss = $8

B.

Cost = $117 | Reduced price = $108 | Operating loss = none

C.

Cost = $151 | Reduced price = $142 | Operating loss = $17

D.

Cost = $117 | Reduced price = $108 | Operating loss = $26

 Question 15
Points: 1

A.

% Markdown = 28% | Reduced price = $627.12

B.

% Markdown = 72% | Reduced price = $243.88

C.

% Markdown = 72% | Reduced price = $627.12

D.

% Markdown = 28% | Reduced price = $1114.88

Question 16
Points: 1
Find the discount date and net payment date.
Invoice date: Sep 8
Terms: 3/6 EOM

Question 17
Points: 1
Find the net cost. Round to the nearest cent.
$1216 less 10/40/20

Question 18
Points: 1
Find the discount date and net payment date.
Invoice date: Aug 19
Terms: 2/15 ROG
Goods received: Oct 2

 Question 19
Points: 1

A.

Original price = $3.26 | Reduced price = $5.72

 B.

Original price = $3.52 | Reduced price = $1.06

C.

Original price = $5.72 | Reduced price = $8.18

D.

Original price = $5.72 | Reduced price = $3.26

Question 20
Points: 1
Find the discount date and net payment date.
Invoice date: Nov 28
Terms: 1/8 - 20x