1a) AR Black, Ltd. has received an invoice for $500 subject to trade discounts 10%, 20%. A cash discount with terms 4/15 n/30 is offered. If AR Black pays the bill within the discount period, find the amount paid.

a. $360.00

b. $345.60

c. $480.25

d. $432.00

2) Find the single equivalent discount of the trade discount series 20% 25% 10%

a) 86.5%

b)82%

c)55%

d)46%

e)54%