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1. A discount series of 25%, 15%, 5% was given on the list price of an item producing a net
price of $6890.26. Determine:
the list price. $13 77. 11
the amount of the discount. 94 86- 85
2. Determine the single equivalent rate of discount for the series 15%, 84%, 3%. 24. 42 010
3. A distributor has a popular make of LED televisions for $1500 less 12%, 5%. What
additional discount rate should be offered to meet a competitor's price of $1178.76?
6 %%
4. A wholesaler offers a 25% discount on clothes dryers. if the discount on a particular model
amounts to $178.50, what is the net price of the dryer? 53 5 50 8
5. An invoice for $5650, dated April 25th, has payment terms: 4/10, 3/15, n/30. Determine the
amount of the payment if the invoice was paid in full on May 6th. 8 5480 . 50
6. An electronics retailer received an invoice from one of its distributors for $35,520.18,
dated August 7"h, with terms: 4/10, 2/15, n/30.
A payment of $19,200 was made on August 17, how much credit was received? 0600 . 60
What is the outstanding balance? 15 520 . 18
7. An invoice was received for $6500 dated June 21, with terms 2/10, n/30.
What is the last day for taking the cash discount? July 1

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