Find the net cost. Round to the nearest cent.
53)
$118.10 less 15/25/10
53)
A)
$68.10
B)
$73.22
C)
$67.76
D)
$59.05
What does the abbreviation stand for?
54)
qt.
54)
A)
quiet
B)
quantity
C)
quart
D)
quarter
Find the net cost. Round to the nearest cent.
55)
$1216 less 10/40/20
55)
A)
$364.80
B)
$304.00
C)
$1146.00
D)
$525.31
Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)
56)
Invoice date: Aug 20
Terms: 6/21 EOM
56)
A)
Discount date: Sept 19; net payment date: Oct 9
B)
Discount date: Sept 20; net payment date: Oct 10
C)
Discount date: Sept 21; net payment date: Oct 21
D)
Discount date: Sept 21; net payment date: Oct 11
Find the net cost equivalent and the percent form of the single discount equivalent for the following series discount.
57)
35/25/15
57)
A)
0.3; 75%
B)
0.58562; 41.438%
C)
0.41438; 58.562%
D)
0.75; 30%
Compute the extension totals and the invoice total.
58)
11 bx. Transistors $8.80 bx.
47 Capacitors $0.75 ea.
4gro. Resistors $2.91 gro.
6doz. Tesla Coils $32.83 doz.
286 P.C. Boards $0.66 ea.
58)
A)
$96.80
$35.25
$11.64
$196.98
$188.76
$529.43
B)
$8.80
$0.75
$2.91
$32.83
$0.66
$45.95
C)
$11.00
$47.00
$4.00
$6.00
$286.00
$354.00
D)
$19.80
$47.75
$11.64
$196.98
$188.76
$464.93
Solve the problem.
59)
Wallcoverings, Inc. just received a new line of posters that have a net cost of $3. If they were given
discounts of 30% and 25%, find the list price.
59)
A)
$1.58
B)
$5.71
C)
$1.35
D)
$6.67
Find the net cost. Round to the nearest cent.
60)
$150 less 20/30 1
2
60)
A)
$74.25
B)
$75.75
C)
$78.00
D)
$83.40
What does the abbreviation stand for?
61)
ROG
61)
A)
return of goods
B)
received on ground
C)
receipt of goods
D)
returned over ground
Solve the problem.
62)
An invoice is received from Westminster Office Machines for $333.30 with terms of 8/11 and dated
Feb 25 AS OF Mar 1. If a partial payment of $220 is made on Mar 9, find the balance due on the
invoice.
62)
A)
$94.17
B)
$86.64
C)
$113.30
D)
$239.13
What does the abbreviation stand for?
63)
drm.
63)
A)
drama
B)
drum
C)
darkroom
D)
dram
Solve the problem. Round to the nearest cent.
64)
Fairview Paint Supply offers contractors a trade discount of 10/15/10 on all paints and varnishes,
with terms of 1/10, n/30. Find a contractor’s price for paints with a total list price of $439 if the
invoice is paid in 30 days.
64)
A)
$282.50
B)
$302.25
C)
$285.35
D)
$299.23
Find the final discount date and the net payment date.
65)
Invoice date: April 11
Terms: 4/10, net 30
65)
A)
Final discount: April 11
Payment due: April 21
B)
Final discount: April 21
Payment due: May 1
C)
Final discount: April 21
Payment due: May 11
D)
Final discount: April 15
Payment due: April 21
Using complements (with respect to 1) of the single discounts, find the net cost equivalent for the following discount.
66)
5/5/40/10
66)
A)
0.51265
B)
0.48735
C)
0.7
D)
0.3
B
Find the final discount date and the net payment date.
67)
Invoice date: Jan 11
As of: Jan 21
Terms: 5/15, n/30
67)
A)
Final discount: Feb 5
Payment due: Feb 20
B)
Final discount: Feb 4
Payment due: Feb 19
C)
Final discount: Jan 26
Payment due: Feb 10
D)
Final discount: Feb 20
Payment due: Feb 5
A
Solve for the amount of discount and amount due.
68)
Invoice amt: $618.30
Invoice date: Nov 11
Terms: 2/12 ROG
Goods rec’d: Dec 2
Date paid: Dec 12
68)
A)
Amount of discount: $0; amount due: $618.30
B)
Amount of discount: $12.37; amount due: $605.93
C)
Amount of discount: $74.20; amount due: $544.10
D)
Amount of discount: $12.17; amount due: $607.30
B
C
Find the net cost. Round to the nearest cent.
69)
$122.50 less 30/40
69)
A)
$91.88
B)
$51.45
C)
$52.50
D)
$36.75
70)
$150.60 less 10/10
70)
A)
$150.60
B)
$130.60
C)
$120.48
D)
$121.99
Find the list price. Round to the nearest cent.
71)
Net cost $369; trade discount 30/30/10
71)
A)
$1230.00
B)
$836.73
C)
$162.73
D)
$110.70
Find the net cost. Round to the nearest cent.
72)
$1911 less 10/10/5
72)
A)
$955.50
B)
$1886.00
C)
$1470.51
D)
$1433.25
Compute the extension totals and the invoice total.
73)
982 gal. Unleaded Gasoline $0.82 gal.
25 bx. Motor Oil $11.00 bx.
20 pr. Wiper Blades $2.90 pr.
776 gal. Premium Gasoline $1.10 gal.
73)
A)
$805.24
$36.00
$22.90
$853.60
$1717.74
B)
$982.00
$25.00
$20.00
$776.00
$1803.00
C)
$805.24
$275.00
$58.00
$853.60
$1991.84
D)
$0.82
$11.00
$2.90
$1.10
$15.82
Solve the problem. Round to the nearest cent.
74)
The list price of a keyboard is $597. If the series discount offered is 10/25/35, what is the net cost
after trade discounts?
74)
A)
$335.07
B)
$417.90
C)
$179.10
D)
$261.93
Find the net cost equivalent and the percent form of the single discount equivalent for the following series discount.
75)
15/10/25/15
75)
A)
0.4; 65%
B)
0.48769; 51.231%
C)
0.51231; 48.769%
D)
0.65; 40%
Solve for the amount of discount and amount due.
76)
Invoice amt: $44.81
Invoice date: May 6
Terms: 2/10, net 30
Date paid: May 15
76)
A)
Amount of discount: $4.48; amount due: $40.33
B)
Amount of discount: $0; amount due: $44.81
C)
Amount of discount: $8.96; amount due: $35.85
D)
Amount of discount: $0.90; amount due: $43.91
Compute the extension totals and the invoice total.
77)
15 doz. Choc. Covered Cherries $3.50 doz.
234 Caramel Squares $0.06 ea.
44 lb. Semi–Sweet Chocolate $1.30 lb.
6gro. Assorted Lollypops $6.90 gro.
77)
A)
$52.50
$14.04
$57.20
$41.40
$165.14
B)
$3.50
$0.06
$1.30
$6.90
$11.76
C)
$15.00
$234.00
$44.00
$6.00
$299.00
D)
$52.50
$140.40
$57.20
$12.90
$263.00
Solve the problem.
78)
A sports store received a line of bicycles that had a net cost of $101 each. If the store was given a
series discount of 40/25, find the list price.
78)
A)
$288.57
B)
$35.35
C)
$45.45
D)
$224.44
Find the final discount date and the net payment date.
79)
Invoice date: Nov 20
As of: Nov 27
Terms: 2/15, n/30
79)
A)
Final discount: Dec 5
Payment due: Dec 20
B)
Final discount: Dec 12
Payment due: Dec 27
C)
Final discount: Dec 27
Payment due: Dec 12
D)
Final discount: Dec 13
Payment due: Dec 27
Solve the problem. Round to the nearest cent.
80)
The list price of a car is $7240. It is available at either a 20/20/5 or a 35/30 discount. Which discount
gives the lower price? By how much?
80)
A)
35/30, $1448.00
B)
20/20/5, $1448.00
C)
35/30, $1107.72
D)
20/20/5, $1107.72
Find the discount date and net payment date. (The net payment date is 20 days after the final discount date.)
81)
Invoice date: Sep 8
Terms: 3/6 EOM
81)
A)
Discount date: Sept 14; net payment date: Oct 6
B)
Discount date: Sept 14; net payment date: Oct 30
C)
Discount date: Sept 6; net payment date: Oct 31
D)
Discount date: Oct 6; net payment date: Oct 26
Using complements (with respect to 1) of the single discounts, find the net cost equivalent for the following discount.
82)
10/40/25
82)
A)
0.405
B)
0.75
C)
0.595
D)
0.25
83)
5/5
83)
A)
0.0975
B)
0.1
C)
0.025
D)
0.9025
Solve for the amount of discount and amount due.
84)
Invoice amt: $99.17
Invoice date: July 8
Terms: 2/10, net 30
Date paid: July 23
84)
A)
Amount of discount: $1.98; amount due: $97.19
B)
Amount of discount: $0; amount due: $99.17
C)
Amount of discount: $19.83; amount due: $79.34
D)
Amount of discount: $9.92; amount due: $89.25
B
What does the abbreviation stand for?
85)
cs.
85)
A)
crates
B)
centimeters
C)
cartons
D)
case
D
D
Answer Key
Testname: C7
Answer Key
Testname: C7