Find the net cost of each of following list prices. Round to the nearest cent. 50....

 

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Find the net cost of each of following list prices. Round to the nearest cent. 50. $2008 less 10/5/20 54. $8220 less 30/5/10 Solve the following application problems. Round to the nearest cent. 22. Nintendo after a series trade discount of 10/5, a new Nintendo game had a net cost of $18.69. Find the list price. Solve the following two review application exercise on trade discounts. 24. STAINLESS STEEL GRILL A stainless steel gas grill is list priced at $495. The manufac turer offers a series discount of 25/20/10 to wholesalers and a 25/20 series discount to retailers. (a) What is the wholesaler's price? (b) What is the retailer's price? (c) What is the difference between the prices? # 12 #2 #4 #8 Date invoice paid $1282 July 14/15, net40 July 7 # 12 Invoice Invoice amount date 20. FINDING DISCOUNT DATES An invoice with terms of 4/15, 3/20, 1/30, n/60 is dated September 4. Find (a) the three final discount dates and (b) the net payment date. (a) 4% discount date: 3% discount date: 1% discount date: (b) The net payment date: Invoice date July 6 Jan 15 Invoice amount $12.38 $1380 Invoice date terms Mar 29 May 28 terms 2/10 EOM 3/15 ROG terms 2/15 ROG 1/15 EOM Shipping and insurance Date goods received Apr 15 $21.40 Date goods received Feb 5 Amount of discount Date invoice paid Apr 30 June 10 Final discount date Total amount due Amount of discount Net payment date Amount due Find the net cost of each of following list prices. Round to the nearest cent. 50. $2008 less 10/5/20 54. $8220 less 30/5/10 Solve the following application problems. Round to the nearest cent. 22. Nintendo after a series trade discount of 10/5, a new Nintendo game had a net cost of $18.69. Find the list price. Solve the following two review application exercise on trade discounts. 24. STAINLESS STEEL GRILL A stainless steel gas grill is list priced at $495. The manufac turer offers a series discount of 25/20/10 to wholesalers and a 25/20 series discount to retailers. (a) What is the wholesaler's price? (b) What is the retailer's price? (c) What is the difference between the prices? # 12 #2 #4 #8 Date invoice paid $1282 July 14/15, net40 July 7 # 12 Invoice Invoice amount date 20. FINDING DISCOUNT DATES An invoice with terms of 4/15, 3/20, 1/30, n/60 is dated September 4. Find (a) the three final discount dates and (b) the net payment date. (a) 4% discount date: 3% discount date: 1% discount date: (b) The net payment date: Invoice date July 6 Jan 15 Invoice amount $12.38 $1380 Invoice date terms Mar 29 May 28 terms 2/10 EOM 3/15 ROG terms 2/15 ROG 1/15 EOM Shipping and insurance Date goods received Apr 15 $21.40 Date goods received Feb 5 Amount of discount Date invoice paid Apr 30 June 10 Final discount date Total amount due Amount of discount Net payment date Amount due

Answer rating: 100% (QA)

Lets solve each of the given problems step by step List Price Calculation 1 List Price less Trade Di... View the full answer