Assignment Instructions/ Description
QRB 501 week 3 individual assignment questions
Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price.
Ronin Copies marks up signs that sell for $49. The markup is 80%
based on the selling price.
What is the
cost and the amount of markup of a sign?
Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was priced at $398, find the amount of markdown and the reduced price.
Fresh Food Market pays $0.25 per pound for 300 pounds of apples. On average, 5% of the apples will spoil before they sell. Find the selling price per pound needed to obtain a 180%
Find the net price of the PC software SystemWorks that lists for $70 and has a discount rate of 12%. Use the system of complements.
Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased
from a furniture company. He is negotiating with another furniture manufacturer to purchase
similar furniture of the same quality. The first company lists a dining room table and six
chairs for $1,899. The other company lists a similar set for $1,800 and a trade discount
series of 5/5/10. Which deal is better?
PlumbingStore.com buys one model of tankless water heater that
has a list price of $395.
The trade
discount is 18%. What is the trade discount and net price of the heater?
Federated Department Stores received an invoice dated April 18
that shows a billing for
$3,848.96
with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the
invoice
is paid within 15 days but after 10
days.
Office Max purchased office furniture in the amount of
$89,517 and
was invoiced with terms of 2/10, n/30. Cash
strapped at
the time, Office Max decided to make a partial
payment of
$50,000 within 10 days. How much should be
credited to
its account? What is the outstanding balance?
the invoice be paid to get the cash discount? How much
should be paid?
Invoice Date
Date Goods are
Received
Terms
# of Days we
have to take advantage of the discount
Final Date to
take Discount
Invoice Total
Cash Discount
%
Cash Discount
$
Total Paid
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