1.Find the net price of a shirt listed 925. The retailer is granted a 20% trade discount. 2. What is the single rate equivalent to the discount series of 20%, 15% and 10% ?
Q: Suppose a supermarket ordered 11 cases of organic vegetable soup with a list price of $18.90 per…
A: Trade discount is amount of discount offered to customers on list price of product. This discount…
Q: Runway Discount (“Runway” or the “Company”) is a privately held online retailer that sells…
A: Sale is a revenue that is earned for making profits on selling the goods or merchandise or services…
Q: Engineering buys circuit boards with a list price of $32,000. If the supplier extends trade…
A: Company offers discount to the price to increase the sales of company.
Q: A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays…
A: Inventory sold on credit is worth $650. The terms of Inventory is 3/10 which means if the inventory…
Q: A sala set priced at P 2,250 was offered to a retailer with a discount of P 350.00. What was the…
A: Trade Discount: An example of a trade discount is the amount by which a manufacturer lowers the…
Q: Easy Patterns Fabric buys merchandise with a list price of $5,500. Use the net price, complement…
A: Trade discount is considered as a reduction in the price of goods because of company policy. It is…
Q: Determine the best order size of shirts.
A:
Q: A retailer purchases merchandise with a catalog list price of $34,900. The retailer receives a 24%…
A: Formula: Cash discount amount = Invoice amount x Discount rate
Q: Merchandise with an invoice price of $5,000 is purchased on March 1 subject to terms of 2/10, n/30.…
A: Note: 2/10, n/30: Here, 2 represents the discount rate if payment is made within ten days. And if…
Q: A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of 30…
A: Trade discount series are the series of discounts offered to a customer, in which customer can avail…
Q: list price of ₱90,000, subj
A: Given as, Merchandise Inventory list price = P 90,000 Trade discounts = 20% Another discounts = 10%
Q: A discount store purchased some special product at a list price of $1,400. If the broker gives a…
A: Given, List price = $1,400 Trade discount = 10.25%
Q: Ami Retailers purchased merchandise with a list price of ₱100,000, subject to a trade discount of 20…
A: Gross Method : Which means gross amount of a product shall be taken without any cash discount ,…
Q: Maximum Inc. (retailer) has a loyalty program that rewards its customers one point per $1 spent.…
A: Journal is the primary book where the transactions are originally recorded. Further, a journal entry…
Q: A retailer buys merchandise from a supplier with an invoice amount of $12,800. The terms of the sale…
A: Discount amount = Invoice amount x discount rate = $12,800 x 5% = $640
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A: Net price is the final price that a customer needs to pay. It is the price after excluding the…
Q: A discount clothing store buys shirts and slacks with a list price of $14,750. If the wholesaler…
A: Single equivalent discount = 1 - [(1 - first discount) x (1 - second discount) x (1 - third…
Q: Jasper Company is a wholesaler that buys merchandise in large quantities. Its supplier’s catalog…
A: Particulars Amount ($) The list price per unit $500 Less: Discount ($500 x 30%) 150 Net…
Q: Your firm sells home appliances at retail. When ordering washingmachines from the manufacturer, you…
A: Trade discount is the discount provided by the traded on purchasing the large quantity of goods. In…
Q: Runway Discount ("Runway" or the "Company") is a privately held online retailer that sells…
A: 1.As per the matching principle, Runway would record the $25 referral credit when the friend…
Q: Mel's Diner purchased paper products list priced at $696 less series discounts of 10/20/10, with…
A: Solution: Net price of product after trade discount = $696 * (1-0.10) (1-0.20) (1-0.10) = $451
Q: 12 f an Electronics manufacturer has a catalogue or list price of OMR300 for a Laptop and sells it…
A:
Q: 11. A retailer purchases merchandise with a catalog list price of P10,000. The retailer be needed to…
A: Since, there are multiple questions posted we will answer the first question for you as per the…
Q: A business supply store bought some merchandise with a list price of $13,400. The wholesaler…
A: trade discount is the discount given by the supplier to the buyer here the trade discount rate is…
Q: Backyard World buys plastic pools from a supplier with an invoice amount of $13,500. The terms of…
A: Introduction:- Backyard World buys plastic pools from a supplier Total Invoice amount of $13,500…
Q: Suppose a certain appliance store purchases the following items. Calculate the extended total after…
A: Trade discount is the discount given to customers on list price. This discount will not be recorded…
Q: Your local florist shop purchases an order of imported tulips with a list price of $1,975 less trade…
A: Trade discount of 25/15/10 means that total amount payable will be 0.75*0.85*0.90 and rest is all…
Q: A catering company buys some items with a list price of $5,000. If the supplier extends trade…
A: First we need to find net price factor
Q: . A calculator is listed at P 859.50 and has a trade discount of 33 1/3 %; a) What is the amount of…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…
A:
Q: Maningkamot ko permi makapasar sports wear regularly buys sweaters from BSA Company and its allowed…
A: Cost of the purchase = List price - Trade discount + Freight charges where, Trade discount = List…
Q: A discount store buys a piece of luggage whose list price is $80. They receive a 40% trade discount.…
A: Net cost is gross cost of a product reduced by any gain received from owing the product. The…
Q: A discount clothing store buys shirts and slacks with a list price of $12,750. If the wholesaler…
A: Discount is the benefit for purchaser which will be deducted from the purchase price and the balance…
Q: A craft shop buys stuffed animals with a list price of $6,000. If the wholesaler offers trade…
A: wholesale offer discounts to increase the sales.
Q: A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22%…
A: Discount: It refers to a percentage that is deducted from the normal selling price of a product.
Q: What amount should Norfolk debit to the merchandise inventory account (Round your answer to the…
A: Answer: Option a.
Q: A large retailer obtains merchandise under the credit terms of 1/10, net 30, but routinely takes 60…
A: Cost of trade credit is also known as cost incurred for not taking the discount. This cost is…
Q: If merchandise is bought with a list price of $2,800, subject to a 30 percent trade discount and a…
A: Merchandise Inventory: Merchandise is the stock of goods bought by a wholesaler, or a retailer, or a…
Q: The retailer buys an article from the wholesaler at OMR 1,980 and the wholesaler charges a sales tax…
A: Sale tax means the tax levied on sale of goods . Sale tax is added to the price charged from…
Q: A business supply store bought some merchandise with a list price of $13,600. The wholesaler…
A: The discount given by seller to buyer at the time of purchase of goods is called as trade discount.…
Q: Backyard World buys plastic pools from a supplier with an invoice amount of $15,500. The terms of…
A: Total invoice payment made = partial payment made / (1 - discount rate) = $8,300 / (1 - 0.05) =…
Q: Norfolk Sporting Goods purchases merchandise with a catalog list price of $14,941. The retailer…
A: Trade discounts are the discounts allowed by the seller of goods to the buyer if a certain quantity…
Q: Assuming that you are a retail merchandiser. You bought goods from wholesale merchandise under the…
A: Inventory: It refers to the items held by an organization which were in various forms like raw…
Q: A man buys an article whose listed price is RO 380 from a shopkeeper and pays a sales tax at the…
A: The list price represents the amount charged from the buyer inclusive of specified tax rates.
Q: A retailer purchases merchandise with a catalog list price of P15,000. The retailer receives a 15%…
A: Net purchases = Purchases worth - Purchase discount = P15,000 - P15,000 x 15% = P12,750
Q: Suppose a certain appliance store purchases the following items. Calculate the extended total after…
A: Trade Discounts of 20/15/15 means that total value shall be first multiplied by 80%, then by 85% and…
Q: Suppose a certain appliance store purchases the following items. Calculate the extended total after…
A: Inventory: It refers to the items held by an organization which were in various forms like raw…
Q: mplement Method) . In Landers Superstore - Alabang having a march sales in all electronic gadgets…
A: Multiple discounts are given to the customers for improving the sales of the company and these…
1.Find the net price of a shirt listed 925. The retailer is granted a 20% trade discount.
2. What is the single rate equivalent to the discount series of 20%, 15% and 10% ?
Please answer it completely. Thanks tutor.
Step by step
Solved in 3 steps
- Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period a. b. Merchandise (gross) $ S C. $ d. $ 7,800 24,200 80.600 17,000 Terms 2/10, n/60 1/15, n/90 1/10, n/30 3/15, n/45 PaymentA photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.) Single equivalent discount Trade discount Need Help? Read It Master It Watch ItA computer lists for $ 600. 1. Find the trade discount if a discount rate of $ 10 is offered. 2. Find the net price. 3. Find the net price rate. 4. Use the net price rate to recalculate the net price.
- A photographer buys some merchandise with a list price of $9,000. If the supplier offers trade discount rates of 20/15/10, find the trade discount (in $). (Find the single equivalent discount first.) Single equivalent discount Trade discountSuppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.)Find the net price (net cost) if a purchase with a list price of $450 has a series trade discount of 20/10/5. round to the cents place.
- USE GOOGLE SHEET Use the template below and create your own invoice for purchased products of a VAT registered customer. The products are enumerated below with unit price at gross of VAT, a 3% discount has been given to the customer. Do all formulas required. Format the invoice for clarity.A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/15/5, find the trade discount (in $). (Find the single equivalent discount first.)A retailer purchases merchandise with a catalog list price of $28,100. The retailer receives a 16% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period? O a. $23,132 O b. $24,166 O c. $23,604 O d. $28,100
- If a retailer made a purchase in the amount of $350 with credit terms of 2/15, n/60. What would the retailer pay in cash if they received the discount?A. Solve the following (round off 2 decimal places): 1. How much is the discount for an item with a list price of P13,500 subject to a 15% discount? What is the net price? 2. A cabinet listed at P14,000 is sold to a retailer at 14.7% discount. Find the amount of trade discount and the net price. al dinning sets at the s 3. Two suppliers offer identical dinning sets at the same list price. However, Company A gives trade discount series of 15%, 10 %, and 10% while Company B offers 20%, 10%, and 5%. Which is a better discount for the buyer? 4. Yuki bought a notebook set for P250. She spent P20 for transportation fee. She sold her notebook for P260. a. How much is the profit or loss? b. What is the profit/loss percent? VICI VEComplete the following invoice, finding the net price using the single trade discount rate.QtyItemUnit priceList price3535Notebooks$1.311.314545Looseleaf paper$0.880.882525Ballpoint pens$0.830.83Total list price3535% trade discountNet priceFill in, rounding to the nearest cent as needed.QtyItemUnit priceList price3535Notebooks$1.311.31$nothing