Complete the following table: (Do not round intermediate calculations. Round your final answers to the nearest cent.) List price Chain discount Net price Trade discount Item $315 7/8/9 %24 %24 Sony digital camera
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Net price is the actual price paid by a customer for the purchase of a product or service. Trade discount is the actual discount received to a customer. It is the difference between the list price and net price.
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- Complete 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$1.311.31$nothingSuppose 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.)Calculate the missing values and express your answers rounded to two decimal places. Cost Amount ofMarkup SellingPrice Rate of Markupon Cost Rate of Markupon Selling Price a. $260.00 25.00% % b. $60.00 % 30.00%
- 1.Calculate the missing information for the purchase. (Round your answers to the nearest cent.) Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax(in $) TotalPurchase Price(in $) Tire $106.99 6 $ 5 $ $From the "Period and Volume Discounts" window, how do we proceed to the "Volume Discounts and Price List"? None of the choices Right Click on the selected item, select “Period Discounts”. On the current window, right click on the number beside the item. Right Click on the selected item, select “Volume Discounts for Price List”. Double Click on the item. On the current window, double click on the number beside the itemIf a retailer paid RO 280 after a discount of RO 70 on the list price, the list price and rate of discount is: a. List price RO 240, Rate of discount 25 % b. List price RO 350, Rate of discount 25 % c. List price RO 240, Rate of discount 20 % d. List price RO 350, Rate of discount 20 %
- Suppose 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.) Quantity Unit Merchandise Unit List TradeDiscounts ExtendedTotal 150 ea. Blenders $49.95 20/15/15 $ 4330.67 400 ea. Toasters $37.88 20/10/10 $ 9818.50 18 doz. Coffee Mills $244.30 30/9/6 $ 12 doz. Juicers $480.00 25/10/5 $ Invoice subtotal $ Extra 5 1 2 % volume discount on total order − $ Invoice total $An invoice shows a net price of $176.72 after trade discounts of 30%, 10%, and 2% have been deducted.a. What was the list price of the goods? (Round your answer to the nearest cent.)Price = $ 286.23b. What single rate of trade discount would be equivalent to the discount series? (Round your answer to two decimal places.)Single rate = %Calculate the net price based on the information given below. Item: laptop Listed price: $1,200 Single trade discount: 30% Net price: ? What is the original price??
- Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.) Item SellingPrice SalesTax TotalPurchase Price Hair dryer $19.22Using the QBO Sample Company, Craig's Design and Landscaping Services, complete the following. 1. Create Sales Receipt. Select Create (+) icon > Sales Receipt Select Customer: Dukes Basketball Camp Select Sales Receipt Date: Current Date Select Payment Method: Check Enter Reference No.: 432 Select Deposit to: Undeposited Funds Select Product/Service: Landscaping: Maintenance and Repair Enter QTY: 9 Enter Rate: 33.00 What is the Total for the Sales Receipt? (Answer this question in the table shown below. Round your answer to 2 decimal places.) Select Save and leave the Sales Receipt form open 2. View the Transaction Journal for the Sales Receipt. From the bottom of the Dukes Basketball Camp Sales Receipt, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer to 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your…A wholesaler gives trade discounts 30%, 11% and 3% to his regular customers.a) Find the single discount equivalent to the given trade discounts.b) If the list price of an item is RM320, find the net price.
