# MartensLA6 - If paid by the 10 th of the next month then...

This preview shows page 1. Sign up to view the full content.

1. Find the net cost for the following. List price: \$ 1436.92 less 12/12/ 20. 890.2 2. Find (a) the net cost equivalent and (b) the single discount equivalent for the following series discount of 15/10/12 a) .6732 b) .3268 3. What does 3/10, 2/20, net/30 mean? 3% discount if paid in 10 days, 2% if paid in 20 and the bill is due in whole by 30 days. 4. What does 3/10 EOM mean?
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: If paid by the 10 th of the next month then you get a 3% discount. 5. What does 3/10 prox mean? If paid by the 10 th of the next month then you get a 3% discount. 6. What does 3/10 ROG mean? 3% discount if paid within 10 days of receiving the goods. 7. What does 3/10-50 ex mean? 3% discount if paid in 60 (10+50) days. The 50 is a time extension....
View Full Document

## This note was uploaded on 12/30/2009 for the course MATH 1220 taught by Professor Roarty during the Spring '09 term at Metropolitan Community College- Omaha.

Ask a homework question - tutors are online