1. Canadian Tire lists a lawn mower at $449 less 20%. Whatis the net price of the...
Question:
1. Canadian Tire lists a lawn mower at $449 less 20%. Whatis the net price of the lawn mower?
a
$409.50
b
$449
c
$359.20
d
$360
2. A television set was sold during a clearance sale for$299.00. If the television was sold at a discount of 70%, what wasthe list price?
a
$996.67
b
$599.99
c
$427.14
d
$899.99
3. Compute the rate of discount allowed on a rotor-tillerthat lists for $341.00 and is sold for $205.00.
a
39.88%
b
69.26%
c
66.34%
d
37.79%
4. The rate of markup on selling price is 20% for an itemthat cost the retailer $84. What is the selling price?
a
$26.00
b
$67.20
c
$16.80
d
$58.00
e
$105.00
5. A college bookstore buys back good-condition studenttextbooks for 45% off the retail price of new books. What will astudent receive for a book currently selling at $104.50 new? (Roundto two decimal places)
Blank 1:
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill