An electrical supply store bought copper wire with a list price of $24,200. The wholesaler extended a trade discount which made the net price $13206. What is the trade discount rate to the nearest whole percent? the options are: a. 39% b. 45% c. 55% d. 61%

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: Walmart advertised a Jump House for 75% off the regular price. Peter saw a Jump House for $258.00 at…

A: A markdown is a reduction in the prices of the commodity. The reduction in the price of the…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Trade discount: It is the reduction in the retail price when manufacture sell product to the…

Q: You place an order for 2,000 units of Good X at a unit price of $57. The supplier offers terms of…

A: Excel Spreadsheet:

Q: The regular price for a dishwasher is 699. Best Buy is having a sale for 25% off all dishwashers.…

A: The amount to be paid for a product is calculated by considering the discount availed and taxes…

Q: Royal Furniture bought a sofa for $990. The sofa had a $1,590 list price. What was the trade…

A: Trade Discount = [ List Price - Sales Price ] / List Price

Q: at is the selling price of a dining room set at Macy's? Assume actual cost is $840 and 55% markup on…

A: Solution..   Cost = $840  Markup % = 55% of selling price

Q: A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What…

A: If the amount is paid within 5 days of invoice then the 5% discount will be allowed on net amount…

Q: Arrow Manufacturing offers discounts of 31%, 15.5%, 3% on a line of products For how much should an…

A: Given information : Selling price : $286.22 Discount offered : 31%,15.5%,3%

Q: You place an order for 250 units of inventory at a price of $130 per unit. The supplier offers terms…

A: Solution- (A) Days until Overdue=30 days Working notes- Offers term of 1/10, net 30, if we pay…

Q: Continental Fertilizer Supply offers a series discount of 10/20/20 on major purchases. If a…

A: Total discount rate = 1-  1*(1- discount rate)*(1- discount rate)*(1- discount rate)…

Q: F) A manufacturer printed the price of his goods as RO 360 per article. He allowed a discount of 30%…

A: VAT stands for Value added tax, which is a kind of indirect tax levied or charged on the goods and…

Q: A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list…

A: on selling 23 units, the chain discount will get activated.

Q: If the retailer pays $1.30 to the insurance company for each product replacement policy sold, what…

A: Here, the total cost includes the product cost and the cost to the insurance company per product.…

Q: You buy goods with a list price of $800. You return goods that are defective, having a list price of…

A: Formula: Net Purchases = purchases - purchase returns

Q: Hard Blues Music buys CDs with a list price of $32,000. If the wholesaler offers trade discounts of…

A: The net price is computed as follows: Phase 1: The net price factor is ascertained by deducting the…

Q: A company that purchases inventory costing $10,000 onterms 2/10, n/30, but first returns one-half of…

A: Purchase return = Total purchases  x 1/2 = $10,000 x 1/2 = $5,000

Q: has $45,186.38 and he wants to buy a 5,000.00 T-bill maturing on March 23, 21. The annual discount…

A: In the discount on the T- Bill is interest on the T- bill from that we will get number of days…

Q: h discount terms for a $500 purchase are 4/10 net 30, the number 10 refers to Multiple Choice   the…

A: Cash discount terms  4/10 net 30 means payment  has to be made within 10 days of purchase to avail…

Q: Sharma Kennels buys some items with a list price of $4,100. The supplier extends a 40% trade…

A: The net price is the value at which, after all taxes and other expenses are applied and all…

Q: A department store paid $30.94 for a salad bowl. Overhead expense is 23% of the regular selling…

A: In order to determine the profit, the cost of goods sold are required to be subtracted from the…

Q: Sebastian Company includes one coupon in each box of hotcake mix it sells. A spoon is offered as a…

A: Answer-    Part A  -  Computation of the premium expense for the year 2020 -  Particulars Amount…

Q: A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the…

A: The markup reveals how much greater a firm's selling price is over the item's cost to the business.…

Q: A bookshop had 650 copies of a book IUI sale. The books were marked at N75 per copy in order to make…

A: Profit portrays the money related advantage acknowledged when income created from a business action…

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Sharma Kennels buys some items with a list price of $4,700. The supplier extends a 40% trade…

A: Calculate discount amount: Discount amount = list price * trade discount rate Discount amount =…

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: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: There are three consecutive discounts are given here, the ne price factor can be calculated by using…

Q: An appliance store sold GS coffeemakers for $22.95 If the store's markup is 40% of the regular What…

A: Given information : Selling price of coffee makers = $22.95 Purchase price of coffee makers = $36…

Q: 1. A trading firm traded their brand-new computers with a margin of 65% based on their cost. One…

A: Since there are multiple questions, we will solve first for you. To get the remaining questions…

Q: Towards the end of winter, a distributor is selling its leather jackets that were listed for $550…

A: When a seller gives more than one discount then it is called a chain or series of discounts. net…

Q: A car dealer carries out the following calculations. List price $ 5,368.00 Options $ 1,625.00…

A: The rate of interest given for a year is known as the annual percentage rate. The formula to…

Q: A manufacturer offers a 30/25 chain discount if the invoice subtotal is above $1,000. If the list…

A: calculation of chain discount are as follows

Q: aker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount…

A: solution concept credit term 5/10 n/30 means that if the payment is made within 10 days from the…

Q: At auction, 2-month T-bills were sold at a discount of 6.530%. What was the simple annual yield r?

A: Given,  time t = 2 months i.e. 2/12 = 1/6 Discount = 6.53% Let the face value be $100 Discount =…

Q: A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the…

A: Markup = Sales price - Cost price = $1427.40 - $780 = $647.40

Q: Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms…

A: First We need to calculate invoice Amount then calculate Amount paid to make remaining balance to…

Q: ou can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%,…

A: This is a case of successive discounts. Successive discounts are discounts on discounts.

Q: A couch is priced at $980.00 if bought for cash. On the stores installment plan, a down payment of…

A: Computation of finance charge:

Q: A department store paid $47.88 for a dinner plate set Overhead expense is 21% of the regular selling…

A: Answer: Calculation of the operating profit or loss on the sale: Operating profit or loss = Sales -…

Q: Find the value added tax paid by the wholesaler and the retailer.

A: The value added tax paid by wholesaler and retailer would be the net taxes that is output tax minus…

Q: An item listed for 4,000 has been given trade discounts of 30%, 20%, and 10% by the manufacturer. 1.…

A: Solution:- Trade discount means the amount of discount on the list price of a commodity.

Q: Waramy carpets has a policy of keeping a margin of 77% on their regular price carpets. On a recent…

A: First we need to calculate regular selling price  by using this Regular selling price =new selling…

Q: A manufacturer offers a 25/20 c discount if the invoice subtotal is $1,000. If the list price is $52…

A: Companies gives discount to attract the sales and increase the sales of company but that is the cost…