Target has a discount rack marked at 45% off. If an item has an original price tag of $18 and tax on the item is 6%, what is your final cost after discount and tax is included?
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- Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.A) Write short note with one word or one sentence for the following – Markup, Selling price, Value added tax, Find the selling price of an item that costs RO 156, if the markup is 40% on the cost?# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?
- If a firm buys on terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its nonfree trade credit? Does it receive more or less credit than it would if it paid within 15 days?Calculate the gross margin for a product with a cost price of R350 that isselling for R503.13 (incl. VAT)An item that cost the dealer $350 less 35% and 12.5% carries a regular selling price on the tag at a markup of 150% of cost. For quick sale, the item was reduced 30%. What was the sale price?
- Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30Assume that RR purchases $200,000 (net of discounts) of materials on terms of 1/10, net 30, butthat it can get away with paying on the 40th dayif it chooses not to take discounts. How much freetrade credit can the company get from its equipment supplier, how much costly trade credit can itget, and what is the nominal annual interest rateof the costly credit? Should RR take discounts?The markup of a product is RO 90. If the markup is 45% of selling, what is the cost? a. RO 200 b. RO 110 c. RO 150 d. RO 40
- If an item will be priced according to a 55 percent gross margin and the item costs $20, use that gross margin percentage to directly calculate the item’s priceCalculate the total purchase price:Given: retail price $30,000; Sales tax 7%; Excise tax 10% Total purchase priceSupply and demand curves for a consumer item are give by q = (s(p)=500 + p and q = D(p)=2300-2p respectively p is the price in dollars for one unit of this item and q is the umber of units. The equilibrium price is ' =$600 A sales tax of 3.2% to be directed at the consumers, is under consideration. Determine the amout of money per item that supplies stand to lose due to this tax which is directed at consumers.