An electronic game listed at $103.00 less 30%, 7%, 5% is offered at a further reduced price of S58.60. What additional rate of discount was offered? The additional rate of discount offered was % (Round to two decimal places as needed. Round all intermediate values to six decimal places as needed)
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- Shirts were purchased for $13.50 each and were marked up by $18.75. During Christmas, they were discounted by $6.85 per shirt. a. What is the rate of markdown? % Round to two decimal places b. What is the reduced selling price per shirt? Round to the nearest centSkis are listed by a manufacturer for $860, less trade discounts of 35% and 17%. What further rate of discount should be given to bring the net price to $441?Round to two decimal placesAn 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%
- The net price of an item after trade discounts of 34.00%, 13.00%, and 3.50% is $3,520.00. a. Calculate the regular selling price of the goods. $0.00 Round to the nearest cent b. Calculate the equivalent discount rate of the series of discount rates. 0.00 % Round to two decimal placesA car dealer carries out the following calculations. What is the annual percentage rate? Lis price: $5,227.00 , Options: $1,625.00, Destination charges: $200.00 , Subtotal: $7,052.00, Tax: $431.58 Less trade in: $2,932.00, Amount to be financed: $4,691.03, 10% interest for 48 months: $1,501.63, Total: $6,192.66, Monthly payment: $129.00 Please round your answer to one decimal place(tenth place). Enter only the number without % sign.A 2.50% was issued at par, which you now purchase at 2.35%. How much would you expect to pay?
- Determine the interest on the following notes. (Round to the nearest cent.) SHOW COMPUTATIONS. Just writing an answer will earn you a zero. a. $77,520 at 10 percent for 90 days.b. $54,400 at 12 percent for 60 days.c. $61,200 at 9 percent for 30 days.d. $102,000 at 15 percent for 120 days.e. $36,720 at 6 percent for 60 days.The full amount of purchase is P530. If a cash discount of 10% is allowed, find the amount of the cash discount and the net amount to be paid. Round to the nearest centavoA firm offers terms of 2/20, net 50. a. What effective annual interest rate does the firm earn when a customer does not take the discount? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What effective annual interest rate does the firm earn if the discount is changed to 3 percent? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What effective annual interest rate does the firm earn if the credit period is increased to 70 days? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) d. What effective annual interest rate does the firm earn if the discount period is increased to 25 days? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
- If you decided to offer a single equivalent rather than the series of trade discounts of 20% and 10% to the quoted P17,500 worth of seven units of tablet computers, how much money did you lose?Compute the cost of not taking the following trade discounts: (Use 365 days in a year. Round the final answers to 2 decimal places.) a. 3/14, net 55. Cost of lost discount ____ % b. 2/18, net 55. Cost of lost discount ____ % c. 3/19, net 55. Cost of lost discount ____ % d. 4/15, net 150. Cost of lost discount ____ %You place an order for 2,500 units of Good X at a unit price of $62. The supplier offers terms of 2/25, net 35. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don’t take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)