Set the Decimal Selector on Floating. Mentally round the final answers to 2 decimal places.

1. Calculate the invoice price on a list price of $315 with a trade discount of 10%, 15%.

2. The catalog price of a vacuum cleaner is $415.00 less a trade discount of 15%, 10%. What is the net price of the vacuum cleaner?

3. Calculate the invoice price on a list price of $220 with a trade discount of 20%.

4a. An invoice has a list price of $850.00 with a trade discount of 37%. What is the trade discount?

4b. An invoice has a list price of $850.00 with a trade discount of 37%. What is the net amount. (Use 4a to complete this problem)

5. An invoice list price is $6,617.00 with a series of trade discounts of 15, 5, 10. Calculate the net amount.

6a. An invoice has a list price of $1,750.00 with a trade discount of 26%. What is the trade discount amount?

6b. An invoice has a list price of $1,750.00 with a trade discount of 26%. What is the net amount? (Use 6a to help you figure this)

7. An invoice dated June 3 has payment terms of 2/12, and n/30. What is the discount due date?

Answer rating: 100% (QA)

Calculate the invoice price on a list price of 315 with a trade discount of 10 15 To calculate the invoice price we need to subtract the trade discount from the list price Lets calculate for each disc... View the full answer