« previous next »

Author Question: Describe how to find the invoice price of an item that is subject to a discount ... (Read 78 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

In old age, as in all other stages of the life course, people find life more pleasant if they have ... In old age, as in all other stages of the life course, people find life more pleasant if they have ...
How to manually find the mean, variance, and standard deviation for a set of numbers How to manually find the mean, variance, and standard deviation for a set of numbers
How to find the constant (C) after finding the anti-derivative How to find the constant (C) after finding the anti-derivative
How to find the phase shift from a graph? How to find the phase shift from a graph?
Find derivative using quotient rule Find derivative using quotient rule
Find the resultant for the following force combinations Find the resultant for the following force combinations
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library