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

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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?
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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....
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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.

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