UNIT 4 - Review

UNIT 4 - Review - UNIT 4 REVIEW 1. An electronic sensor is...

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UNIT 4 – REVIEW 1. An electronic sensor is listed for $652, less 40%, 8%, and 9%. a) What is the net price? b) What is the total amount of discount allowed? c) What is the equivalent single rate of discount that was allowed? 2. Determine the list price of a stereo system with a net price of $1780, less trade discounts of 24%, 16% and 9%? 3. An appliance listed by a wholesaler for $950 less 22%, 14%, and 11% is reduced again to a net price of $520. What additional rate of discount was offered, rounded to one decimal place? 4. An invoice was received for $6200 dated June 21 with terms 2/10, n/30. a) What is the last day for taking the cash discount? b) What is the amount due if the invoice is paid on the last day for taking the discount? 5. An invoice for $5,400 is dated March 8 with terms 3/20 EOM. What payment is required on April 11 in order to reduce the debt to $1,500? 6. An invoice for $7,200 less 15% and 10% with terms 6/10, 3/20, n/30 Is dated October 27. How much must the company pay on November 7 in order to pay off this debt in full?
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UNIT 4 - Review - UNIT 4 REVIEW 1. An electronic sensor is...

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