B. Trade Discount 1. The net price of a keyring lightstick is Php 2 676. What is the suggested retail price if a discount of 8% is given? 7. A trader was able to buy an item for Php 405. 60 per piece after receiving a 15.5% trade discount. How much would that trader earn per item if he will resell it at the list price?

B. Trade Discount 1. The net price of a keyring lightstick is Php 2 676. What is the suggested retail price if a discount of 8% is given? 7. A trader was able to buy an item for Php 405. 60 per piece after receiving a 15.5% trade discount. How much would that trader earn per item if he will resell it at the list price?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Required: a. A firm currently offers terms of sale of 3/25, net 50. Calculate the effective annual rate. a-1. Calculate the effective annual rate if the terms are changed to 4/25, net 50. a-2. What effect does an increase in the discount rate have on the implicit interest rate charged to customers that pass up the discount? b-1. Calculate the effective annual rate if the terms are changed to 3/35, net 50. b-2. What effect does a decrease in the extra days of credit have on the implicit interest rate charged to customers that pass up the discount? c-1. Calculate the effective annual rate if the terms are changed to 3/25, net 40. c-2. Is there any difference between the implicit interest rate for terms of 3/35, net 50 and 3/25, net 40?
If your supplier offers 3/5 net 28, what is the implied interestrate if you choose to forgo the discount and pay on day 28?
Suppose that 2 years ago you bought an old record player at a yard sale for $5.99. You saw today on E-bay that the same record player is selling for $53.63. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places.
If Shoppers Drug Mart, in the Province of Alberta, accepts a $20 reimbursable coupon from a customer and the coupon is deducted from the customer purchase of $100 before HST/GST, the HST/GST collected on this purchase is? $4 $10.40 $13 $5
2a. You decide to purchase a new touchscreen Chromebook. The price is listed at $499.99 but the salesperson tells you that everything in the store is 25% off today. What is the total price that you pay for the Chromebook (including 8% Tax)? 2b. You decide to take advantage of the store's payment plan. The payment plan's terms are as follows: 18 equal monthly payments, 6% interest, compounded monthly. a) What is the total cost that you will end up paying for
A couch is priced at $980.00 if bought for cash. On the stores installment plan, a down payment of $100 and 24 payments of $45 each are required. What is the finance charge?
Examine the points versus no points chart to respond to the following query: Determine the percentage that the total interest paid will drop from buying no points to three points. To the closest hundredth, round the final response.