Chat with AIExam 6: Trade Discounts, cash Discounts, markup, and Markdown
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Exam 6: Trade Discounts, cash Discounts, markup, and Markdown143 Questions
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DeSomma and Brown received an invoice for $14 520 dated November 29,terms 5/20,n/45,from Happy Valley Winery for a truckload of grapes received December 17.DeSomma and Brown made a partial payment of $4955.00 on December 12.
a)By how much did DeSomma and Brown reduce the amount due on the invoice?
b)How much does DeSomma and Brown still owe?
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(70) The following invoices,all with terms 5/10,2/30,n/60,were paid together on March 15.Invoice No.457 dated January 30 is for $294.67; invoice No.542 dated February 15 is for $486.50; and invoice No.877 dated March 10 is for $911.25.What amount was remitted?
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(78) A 14% discount on a dryer that Sean purchased,amounted to $70.00.Calculate the net price.
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