Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Quantity Unit 150 400 18 12 ea. ea. Merchandise Unit List Blenders Toasters doz. Coffee Mills doz. Juicers $39.95 $38.88 $244.30 $420.00 Trade Discounts 20/15/15 $ 20/10/10 $ 30/9/7 25/10/5 Invoice subtotal Extra 5% volume discount on total order $ $ $ - $ Invoice total $ Extended Total
Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.) Quantity Unit 150 400 18 12 ea. ea. Merchandise Unit List Blenders Toasters doz. Coffee Mills doz. Juicers $39.95 $38.88 $244.30 $420.00 Trade Discounts 20/15/15 $ 20/10/10 $ 30/9/7 25/10/5 Invoice subtotal Extra 5% volume discount on total order $ $ $ - $ Invoice total $ Extended Total
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Transcribed Image Text:### Calculating Trade Discounts and Totals
Suppose a certain appliance store purchases the following items. Calculate the extended total after the trade discounts for each line, the invoice subtotal, and the invoice total. (Round your answers to the nearest cent.)
#### Purchase Details
| Quantity | Unit | Merchandise | Unit List | Trade Discounts | Extended Total |
|----------|------|--------------|-----------|-----------------|----------------|
| 150 | ea. | Blenders | $39.95 | 20/15/15 | $ |
| 400 | ea. | Toasters | $38.88 | 20/10/10 | $ |
| 18 | doz. | Coffee Mills | $244.30 | 30/9/7 | $ |
| 12 | doz. | Juicers | $420.00 | 25/10/5 | $ |
#### Invoice Calculations
- **Invoice Subtotal**: $
- **Extra \(5 \frac{1}{2} \%\) volume discount on total order**: $
- **Invoice Total**: $
#### Notes
1. **Trade Discounts**: These are series discounts applied to each item based on the quantity purchased. Calculate the net price by applying each discount in sequence to the unit list price.
2. **Extended Total**: Calculate by multiplying the net unit price (after trade discounts) by the quantity.
3. **Invoice Subtotal**: Sum of all extended totals.
4. **5 ½% Volume Discount**: Apply this additional discount to the invoice subtotal.
5. **Invoice Total**: Subtract the volume discount from the invoice subtotal to get the final total.
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We will calculate the total for individual quantity and than add to the total as follows.
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