1. Calculate the net price of merchandise listing for $5,700 less a trade discount rate of 35%.

2.

Calculate the trade discount and net price (in $) to the nearest cent.

List Price	Trade Discount Rate	Trade Discount	Net Price
$282.00	25%	$	$

3.

Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent.

List Price	Trade Discount	Trade Discount Rate	Net Price
$4,500.00	$	%	$3,525.00

4. Suppose a supermarket ordered 13 cases of organic vegetable soup with a list price of $18.90 per case and 4 cases of organic baked beans with a list price of $33.50 per case. The wholesaler offered the supermarket a 39% trade discount. (Round your answers to the nearest cent.)

(a)

What is the total extended list price (in $) of the order?

(b)

What is the total amount of the trade discount (in $) on this order?

(c)

What is the total net amount (in $) the supermarket owes the wholesaler for the order?

5.Find the net price for an order of television sets with a list price of $14,000, less trade discounts of 35/20/15. Use the net price, complement method for your answer.

6. Find the trade discount amount for an order of merchandise with a list price of $29,000 less trade discounts of 30/25/10.

7. A manufacturer of computer printers offers a series discount of 15/10/5. A second manufacturer of printers offers a series discount of 20/12/10. Assuming all other aspects of the products are the same, which manufacturer would offer the best discount?

8.

Calculate the cash discount and the net amount due the transaction (in $).

Amount of Invoice	Terms of Sale	Cash Discount	Net Amount Due
$18,660.00	2/10, n/45	$	$

9.

Using the ordinary dating method, calculate the discount date and the net date for the transaction.

Date of Invoice	Terms of Sale	Discount Date(s)	Net Date
January 11	3/20, n/45	---Select---	---Select---

10. A retailer buys merchandise from a supplier with an invoice amount of $12,400. The terms of the sale are 5/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day?

11. When _____ dating is used, terms of sale begin on the date the goods are received by the buyer.

12. A home accessories store buys lamps with a net price of $24,600. The terms of sale are 4/15, n/30. If a partial payment of $12,300 is sent to the wholesaler on the discount date, what is the net amount still due?

13. The Photo Express buys cameras and film with an invoice date of August 17. If the terms of sale are 2/15, n/45, find the net date.

Answer rating: 100% (QA)

Step 1 Trade Discount It is the discount which is given or received at the time of sales and purchase of goods on the invoice list price The trade dis... View the full answer