Multiple Choice
A local RadioShack store wants to buy a new line of plasma TVs. Manufacturer A offers chain discounts of 18/12, and Manufacturer B offers terms of 17/13. Which single equivalent discount rate is the best deal?
A) 0.7221: Manufacturer A
B) 0.7216: Manufacturer B
C) 0.2779: Manufacturer A
D) 0.2784: Manufacturer A
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q61: The single equivalent discount rate of the
Q62: The single equivalent discount rate is found
Q63: Which month has 30 days?<br>A)January<br>B)May<br>C)June<br>D)July<br>E)None of these
Q64: Calculate the End of Discount Period
Q65: Trade discounts represent increases to the purchase
Q67: An invoice dated March 6 with terms
Q68: Net price times rate of trade discount
Q69: 50 days from July 9 is August
Q70: 2/10, n/30 is an example of:<br>A)Ordinary dating<br>B)Receipt
Q71: Match the following terms with their definitions.<br>-Chain