Quote:
Originally Posted by Kenny7   Hi! My name is Greg and I really need some help on this assignment
1. Determine the extension amount of the following order:
Product X: 10 units @ $2.35 each
Product Y: 12 boxes @ $6.15 per box
Product Z: 3 dozen @ $12.20 per dozen
here is my answer:
Product X= $23.50
Product Y= $73.80
Product Z= $36.60
2. A trader buys 3 dozen units of product X for a total of $158.40. What is the unit cost?
Unit cost= 3 x 12= 36
$158.40/36= $4.40
3. A trader can purchase a good at $7.20 per unit, or they can buy 5 for $33.00. What is the total amount saved by buying in bulk? I don't understand this question
4. A merchant pays $4,320 for a shipment of goods after receiving a 10% trade discount. What is the list price for the shipment?
trade discount amt = $4,320/.10= $43,200
5. A wholesaler lists a refrigerator model at a price of $850 and offers a chain discount of 20% and 10%. What is the net price?
Net Price
100%-(20 +10)=100-30=70
850 x .70= $595
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#3: It is asking you the difference in the price if you buy 5 with the bulk option or if you bought 5 individually. So option 1: if you buy 5 in-bulk, you need to pay $33.00. Option 2: if you buy 5 individually at $7.20, then you pay 5 x $7.20. Find the difference between option 1 & 2.
#4: If the original price was
and a 10% discount on
gives you $4,320, then your equation is
. Solve for
by dividing both sides by 0.9.
#5: If you are are offered a chain discount on $850, then you multiply that amount by 0.8 (20% discount) and 0.9 (10% discount) consecutively:
