Review Questions Unit 3 Fall 2011 - Text

# Review Questions Unit 3 Fall 2011 - Text - 224 1 a 491 b...

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Math 1052: Unit 3 Fall 2011 Review Questions Page Question Answer Topic 143 4 See Below Trade Discounts 143 10 \$287,600 Trade Discount 144 18 \$1,453.05 \$546.50 Trade Discounts 170 1 \$2,100.00, 48.78% Trade Discounts 168 5 2.03% Trade Discounts 168 7 \$286.88, 68.13% Trade Discounts 151 4 \$245,152, \$245,152, \$252,976, \$ 260,800 Cash Discounts 152 8 \$1,974.36 Cash Discounts 168 9 a) \$42,750 b) \$44,100 c) \$45,000 Cash Discounts 170 7 a)\$65,897.44 b)\$63866.98 c)\$63,866.98 Cash Discount 169 13 \$84.28, 57%, \$18.00 Markup 159 6 \$5.85 Markup 159 8 \$700. , \$250. , 55.56% Markup 169 15 \$2.22, \$1.78 Markup 170 11 66.67% Markup 169 17 \$45.00, \$36.00 Markdown 167 12 \$2,521.76, -\$4.67, 14.81% Integrated Problem 169 19 a)\$177.87 b) -\$6.88 c) 16.13% Integrated Problem 210 6 a) 20 b) 60 Cost/Volume/Profit
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Unformatted text preview: 224 1 a) 491 b) \$2,250.00 c) 673 Cost/Volume/Profit 225 9 a) \$270.00 b) 400 c) 66.67% Cost/Volume/Profit 225 11 a) \$60,000 b) 8500 c) 7200 Cost/Volume/Profit 4. Calculate the missing values: # List price ( L ) Series of discounts rates Equivalent discount rate ( d ) Net price ( N ) Amount of discount ( L – N ) a. \$850.00 10%, 5% ? ? ? b. ? 5%, 4%, 3% ? ? \$80.50 c. ? %, 2%, 1% ? \$1854.50 ? d. \$625.00 5%, 4%, d % ? \$558.60 ? An electronic communication device, listed at \$360 less 30%,12.5% and 5%, of offered at a further reduced price of \$199. What additional rate of discount was offered? Answer: 5.00%...
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## This note was uploaded on 04/04/2012 for the course MATH 1052 taught by Professor Kit during the Winter '12 term at Fanshawe.

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