On April 26, Kindler Welding Corp purchased 8,640 worth of ...

[lb_gilbert]

On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that offered terms of 1.75/7, net 30 . The discount applies to any amount paid within the discount period. What is the unpaid balance if Kindler paid 6,00 . on May 1? (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Warm Winters Linen, Inc had net sales of 350,00 . and net income of 30,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate to two decimal places.)

[choc0chan]

Answer to Question 1

100 . - 1.75 = 98.25
6,00 . 0.9825 = 6,106.87
8,640 - 6,106.87 = 2,533.13 unpaid balance

Answer to Question 2

8.57

[lb_gilbert]

Thanks for the timely response, appreciate it

[ryhom]

TYSM