« previous next »

Author Question: Describe how to find the invoice price of an item that is subject to a discount ... (Read 62 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 24, 2018
Describe how to find the invoice price of an item that is subject to a discount series.

Question 2

An invoice for 1,500 dated December 14 has terms of sale of 3/10, 2/20, n/30. What is the amount of the cash discount and cash price if the invoice is paid on December 28?


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 24, 2018
Answer to Question 1

The first discount is calculated based on the list price of the item. Then the second discount is based on the remainder after deducting the first discount. The third discount is based on the remainder after deducting the second discount, and so on.

Answer to Question 2

30, 1,470


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

How to find two positive angles less than 360° for a reciprocal trigonometric function (secant) How to find two positive angles less than 360° for a reciprocal trigonometric function (secant)
How to find the derivatives of trigonometric functions using the chain rule (Part 1) How to find the derivatives of trigonometric functions using the chain rule (Part 1)
How to find the domain and range of a function (Part 1) How to find the domain and range of a function (Part 1)
How to find the antiderivative of double-angle trigonometric functions, sin(2x), cos(2x), etc. How to find the antiderivative of double-angle trigonometric functions, sin(2x), cos(2x), etc.
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
A peice of paper has a perimeter of 100 cm and an area of 616cm^2. Find the dimensions A peice of paper has a perimeter of 100 cm and an area of 616cm^2. Find the dimensions
Video: Allergic Rhinitis

For a complete list of videos, visit our video library