Which of the following are important skills that contribute to financial literacy (24)

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1. A company makes snowboards that retail at $1250. The company offers chained discounts of 30% and 5% to its retailers. a. Calculate the price a retailer would pay for the snowboards. b. What single discount (single equivalent discount) is equivalent to these two discounts. C. What is the percent markup of the retailers. d. Due to a slowdown in sales the manufacturer would like to increase the total discount given to its retailers to 40%. What additional chained discount must they offer?

1. Miracle Appliance is a wholesaler of kitchen appliances. You are the purchaser for a home store retailer. Miracle Appliance offers the KIT532 model refrigerator at a list price of $657. Miracle offers your company a trade discount of 25 percent. a. What is the amount of the discount for this refrigerator? b. What net price will you pay for this model refrigerator?

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# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?

Bargain city clothing store purchased raincoats for $38.10. The store requires a markup of 49% on the regular selling price. What new regular selling price should be marked on the raincoats if the store wants to offer a 32% discount without reducing its markup? regular selling price= new regular selling price =

Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B       (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?

Crazy Cliff’s Computers (CCC) purchases computer parts from its suppliers 2/5, net 30.  What is the effective annual cost of not taking the trade discount?       Select one: a. 2.00% b. 2.04% c. 27.43% d. 34.31% e. None of the above.

Sam's SnowBoards.com offers 6/5/2 chain discounts to many of its customers. The Ski Hut ordered 20 snow boards with a total list price of $6,600. a. What is the net price of the snow boards? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Net price b. What was the trade discount amount? Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Trade discount amount

A store has a sale with 10 % off every item.  When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price.  If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent?

An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.

A woman’s store sells the following categories of clothing or the following prices : Blouse :GH 14 Skirt:GH 16 Dress:GH 25 Pantyhose:GH 2 pair for GH3 Socks :GH 7 A lady goes to the store on a day when the store has 20% off sale on all skirts.If Yaa buys 2 skirts,1 dress ,and 4 pairs of pantyhose,How much money does lady have to pay ?

A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/10/5, find the trade discount (in $). (Find the single equivalent discount first.) Single equivalent discount Trade discount Need Help? Read It Master It Watch It

A clothing merchant purchases a shipment of clothes for $37,000.00 with discounts of 11% and 5%. He sells it to a customer at a price which includes 21% profit on cost and overhead expenses of 23% on cost. a. How much did it cost him to purchase the container of clothes? $0.00 Round to the nearest cent b. What was the selling price of the container of clothes? 50.00 Round to the nearest cent c. Calculate the break-even selling price. 50.00 Round to the naarast cant

Green Thumb Nursery sells spreading junipers to the gardening departments of local grocery and building supply stores. The net price per tree is $27.06 after a trade discount of $22.14.What rate of trade discount is the nursery giving to retailers? (Round your answer to one decimal place.)Discount rate  = %

Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.

C. Multiple Trade Discount1. An item listed for Php 4 000 has been given trade discounts of 30%, 20%,and 10% by the manufacturer. What single trade discounts rate isequivalent to this series of discounts?2. A starting fast-food restaurant wants to take advantage of theeconomies of scale to lower down its costs. It purchases raw materials involume to receive as much discount as possible. A large meat shop isgiving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 perkilogram. How much will the fast-food restaurant pay for buying 350kilograms of beef meat considering the discount offered?

A clothing merchant purchases a shipment of clothes for $34,000.00 with discounts of 10.00% and 5.00%. He sells it to a customer at a price which includes 21.00% profit on selling price and overhead expenses of 25.00% on selling price. a. How much did it cost him to purchase the container of clothes?   Round to the nearest cent b. What was the selling price of the container of clothes?

A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 45/30/5, find the net price using the net price factor, complement method. $