Question 1

Solve for the amount of discount and amount due.
-Invoice amt: $392.59
Invoice date: Sept 10
Terms:  
EOM Goods rec'd: Sept 13 Date paid: Oct 8

Accepted Answer

A) Amount of discount: $39.26; amount due: $353.33 
B) Amount of discount: $7.65; amount due: $381.59 
C) Amount of discount: $0; amount due: $392.59 
D) Amount of discount: $7.85; amount due: $384.74 
A) Amount of discount: $39.26; amount due: $353.33 
B) Amount of discount: $7.65; amount due: $381.59 
C) Amount of discount: $0; amount due: $392.59 
D) Amount of discount: $7.85; amount due: $384.74

Question 2

Solve the problem. Round to the nearest cent.
-The list price of 2 dozen blank cassettes is $53. Find the dealer's cost per cassette if a series discount of   is offered.

Accepted Answer

A) $42.80 
B) $0.43 
C) $1.77 
D) $1.78 
A) $42.80 
B) $0.43 
C) $1.77 
D) $1.78

Question 3

Solve the problem. Round to the nearest cent.
-The list price of a keyboard is $670. If the series discount offered is 10/15/5, what is the net cost after trade discounts?

Accepted Answer

A) $183.08 
B) $469.00 
C) $486.92 
D) $201.00 
A) $183.08 
B) $469.00 
C) $486.92 
D) $201.00

Question 4

What does the abbreviation stand for?
-cs.

Accepted Answer

A) case 
B) cartons 
C) centimeters 
D) crates 
A) case 
B) cartons 
C) centimeters 
D) crates

Question 5

Compute the extension totals and the invoice total.
-

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Solve for the amount of discount and amount due. -Invoice amt: $392.59 Invoice date: Sept 10 Terms: EOM Goods rec'd: Sept 13 Date paid: Oct 8

Solve the problem. Round to the nearest cent. -The list price of 2 dozen blank cassettes is $53. Find the dealer's cost per cassette if a series discount of is offered.

Solve the problem. Round to the nearest cent. -The list price of a keyboard is $670. If the series discount offered is 10/15/5, what is the net cost after trade discounts?

What does the abbreviation stand for? -cs.

Compute the extension totals and the invoice total. -

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Exam 7: Mathematics of Buying