1.

Find the missing values.Round all answers to two decimal places.

Rate of Discount	List Price	Amount of Discount	Net Price
a)	34%	$52.50	$[a]
b)	[c]%	$32.50	$[d]

A wholesaler has offered a 32% trade discount to a retailer.If the retailer purchased 5items listed at $54.75each and 3items listed at $78.62each,what is the total net price paid by the retailer?

The total net price is $[a]

2. The Ironworks Brewing Company received an invoice, which was dated October 12^th, for $16,424.50. The invoice had the following terms:

5/10, 2.5/20, n/30 E.O.M.

What amount was paid on November 7^th to reduce the amount owing to $10,108.71?

They paid $[a] on November7th.

What amount was paid on November 15^th to reduce the amount owing by $8,205.13?

They paid$[b]onNovember15.

After the payments on November 7^th andNovember 15^th, what is the balance still owing?

They still owe $[c].

3. A computer store purchases some electronics for $450 apiece.The selling price will be marked up 45%of the cost.

What is the selling price of the electronics?

The electronics will sell for $[a]apiece.

What is the rate of mark-up based on the selling price?Round your answer to the nearest whole percent.

The rate of mark-up based on the selling price is [b]%.