1. An invoice dated December 5 is received with a shipment of soccer equipment from China...

 

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1. An invoice dated December 5 is received with a shipment of soccer equipment from China on April 13 of the following year. The list price of the equipment is $2541, with allowed series discounts of 20/10/10. If cash terms of sale are 2/15 ROG, find the amount necessary to pay in full on April 22. (3 Marks) 2. A retailer knows that 20% of the peaches purchased will spoil and must be thrown out. If they buy 200 baskets of peaches for $0.22 per basket and want a markup of 50% on selling price, find the selling price per basket of peaches. (2 Marks) 3. A company paid $202.40 for an item. The original price was $291.80, but this was marked down 40%. If the operating expenses are 36% of the cost, find the operating loss and the absolute loss. (2 Marks) 1. An invoice dated December 5 is received with a shipment of soccer equipment from China on April 13 of the following year. The list price of the equipment is $2541, with allowed series discounts of 20/10/10. If cash terms of sale are 2/15 ROG, find the amount necessary to pay in full on April 22. (3 Marks) 2. A retailer knows that 20% of the peaches purchased will spoil and must be thrown out. If they buy 200 baskets of peaches for $0.22 per basket and want a markup of 50% on selling price, find the selling price per basket of peaches. (2 Marks) 3. A company paid $202.40 for an item. The original price was $291.80, but this was marked down 40%. If the operating expenses are 36% of the cost, find the operating loss and the absolute loss. (2 Marks)

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