1) What amount will reduce the amount due on an invoice of $2423.14 by $922.67 if the terms of the invoice are 5/15, n/45, and the payment was made during the discount period? 

2) A department store paid $35.11 for a salad bowl. Overhead expense is 17% of the regular selling price and profit is 18% of the regular selling price. During a clearance sale, the set was sold at a markdown of 27%. What was the operating loss on the sale?

Answer rating: 100% (QA)

1 To calculate the amount that will reduce the amount due on an invoice of 242314 by 92267 during th... View the full answer