Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price. Amount % Cost + Markup = Sell Price Ronin Copie

Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup

based on the cost. Find the cost, the selling price, and the rate of the selling price.

Amount %

Cost

 + Markup

 = Sell Price

Ronin Copies marks up signs that sell for $49. The markup is 80% based on the selling price.

What is the cost and the amount of markup of a sign?

Amount %
Cost
 + Markup
 = Sell Price

Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was priced at $398,

find the amount of markdown and the reduced price.

Amount %

Original SP

‒ Markdown

 = New Price

Fresh Food Market pays $0.25 per pound for 300 pounds of

apples. On average, 5% of the apples will spoil before they

sell. Find the selling price per pound needed to obtain a 180%

markup on cost.

Unit Price

Quantity

Cost =Unit Price*Quantity

Amount %

Cost

 + Markup

 = Sell Price

Proportion to spoil

Proportion to be sold

Pounds expected to sell

Selling Price per pound

Find the net price of the PC software SystemWorks that lists for $70 and has a discount rate of 12%.

Use the system of complements.

List Price

Trade Discount %

Net Price Rate

Net Price

Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased

from a furniture company. He is negotiating with another furniture manufacturer to purchase

similar furniture of the same quality. The first company lists a dining room table and six

chairs for $1,899. The other company lists a similar set for $1,800 and a trade discount

series of 5/5/10. Which deal is better?

5/10/10 5/5/10

List Price

1st Trade Discount

2nd Trade Discount

3rd Trade Discount

Net Decimal Equivalent (don’t round)

Net Price (using Net Decimal Equivalent)

Single Discount Equivalent (don’t round)

Trade Discount $

Net Price (using Trade Discount)

PlumbingStore.com buys one model of tankless water heater that has a list price of $395.

The trade discount is 18%. What is the trade discount and net price of the heater?

List Price

Trade Discount %
Net Price Rate
Net Price

Federated Department Stores received an invoice dated April 18 that shows a billing for

$3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice

is paid within 15 days but after 10 days.

Terms on Invoice

Date on Invoice

No. of days within which the Invoice was paid

Date by which the Invoice was paid

Cash Discount %

Number of days to take advantage of 2% discount

Final Date Invoice must be paid to get 2% discount

Can Federated get a 2% discount?

Cash Discount %

Number of days to take advantage of 1% discount

Final Date Invoice must be paid to get 1% discount

Can Federated get a 1% discount?

Price on Invoice

Cash Discount Amount ($)

Net Amount (Method 1 using Cash Discount)

Net Amount (Method 2 using Complements)

Office Max purchased office furniture in the amount of

$89,517 and was invoiced with terms of 2/10, n/30. Cash

strapped at the time, Office Max decided to make a partial

payment of $50,000 within 10 days. How much should be

credited to its account? What is the outstanding balance?

Terms

Cash Discount %

Invoice total

Partial payment made before discount date

Amount Credited

Amount Still Due On Account

Curves Fitness Center received an invoice for $3,097.15 that

was dated September 8 with terms of 3/15 ROG. The goods

being invoiced arrived on September 12. By what date must

the invoice be paid to get the cash discount? How much

should be paid?

Invoice Date

Date Goods are Received

Terms

# of Days we have to take advantage of the discount

Final Date to take Discount

Invoice Total

Cash Discount %

Cash Discount $

Total Paid