Question: A second hand furniture store buys sofas with a list price of $9,500. If the wholesaler offers trade discounts of 10/20/30, find the single equivalent

A second hand furniture store buys sofas with a list price of $9,500. If the wholesaler offers trade discounts of 10/20/30, find the single equivalent discount.

Select one:

a. 0.600

b. 0.496

c. 0.442

d. 0.320

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A discount store purchased some special product at a list price of $1,600. If the broker gives a 20.25% trade discount, what is the amount of the trade discount? Group of answer choices $950.00...

Question 12 Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was $690.41, use the exact interest method to find the amount of principal you borrowed. (Round to...

(Answer all Please this is a study Guide) QUESTION 1 1. A small retailer buys goods from a vendor with an invoice amount of $9,100. The terms of the sale are 2/10, n/30. What is the net amount due on...

Exam 1 Business Math Q1. The number 49,842 rounded to the nearest thousand is: a. 50,000 b. 49,000 c. 49,900 d. 49,800 Q2. The number 70624020 should be written: a. 70,624,020.0 b. 7,062,402,0 c....

A retailer purchases some merchandise with an invoice price of $19,700 and terms of sale of 5/15, n/45. What is the net amount due (in $) on the order if a partial payment of $10,800 is made on the...

Instructions Throughout this course we will continue to use the Excel spreadsheet program as a tool to solve and document typical business problems related to the week's topics. We will continue to...

1. Determine both the net price and the net price in dollars. When necessary, round the net price factor and the net price to the nearest cent for convenience. Trade Discount Rate List Price Net...

1. When writing an equation, unknown quantities are represented by: a. letters b. parentheses c. symbols d. numbers Q2. Any statement that uses an equal sign is called a(n): a. symbol b. equation c....

PART A: A cellular company purchased $28,800 in cell phones on June 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B. destination. Returned goods amounted to $650. (a) What is...

Using both the balance sheet (Table 4-4) and the income statement (Table 4-7) for the MLC, answer the following: Calculate the following ratios for 2013: inventory turnover, fixed asset turnover, and...

What was the ideal female image projected by mass media in the 1950s? Was this ideal also the reality? Why, or why not?

Suppose Bank A and Bank B are signing 96 days SWAP contract according to the following information: Bank A pays a fixed interest rate Bank B pays a floating interest rate The value of the contract is...

What are the properties of acid in databases and why are they important?

Between the balance sheet date and the audit report date, auditors perform audit procedures to search for subsequent events that may impact the financial statements and disclosures. Type II...