Vic's Jewelry Store bought a diamond ring for $1,500. Vic wants to mark up the set at 45 percent of the selling price. The selling price of the diamond ring should be: a. $2,727.27 b. $2,325.00 c. $2,175.00 d. $3,333.33
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- 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 cantAshley bought a bracelet at original cost $19 to sell in her handicraft store. She marked the price up 35%. a) Find the amount of the mark-up price. A b) Find the list price. SA (Round to two decimal places if necessary.) (Round to two decimal places if necessary.)6. A sari-sari store vendor buys some goods from a dealer who asks P15,950 at the end of 180 days. The vendor prefers to pay price at 13% simple interest. Find the cash price of the goods. cash and the dealer offers to compute the cash 7. Edward Cariaga loans P35,300 at 6½% simple interest, how long it will take him to get P3,800 interest? 8. Elmer Martin paid P26,800 on a loan made 4 months before at 92% simple interest. Find the interest generated. 9. If a principal of P13,300 earns interest of P1,500 in 3 years and 6 months, what interest rate is in effect? 10. Ruel Dayrit deposited P80,250 in a bank paying 5% simple interest for 4 years. How would he have in his account at the end of four years assuming that no withdrawals were made?
- Backyard World buys plastic pools from a supplier with an invoice amount of $13,500. The terms of the sale are 5/10, n/30. If the retailer sends a partial payment of $8,300 on the discount date, what is the net amount still due?A specialty shop procures several antique clocks for $5,000 apiece and offers them to customers for $7,150 each. What is the mark-up, as a percentage?4. Review the following sales transactions for Birdy Birdhouses and record any required joumal entries. Birdy Birdhouses sells 20 birdhouses to customer Julia Brand at a price of $70 each in exchange for cash. The cost to Birdy is $46 per birdhouse. Birdy Birdhouses sells 30 birdhouses to customer Julia Brand at a price of $68 each on credit The cost of sale for Birdy is $44 per birdhouse. Terms of the sale are 2/10, n/30, invoice date August 12. Julia discovers 6 of the birdhouses are slightly damaged from the August 10 purchase and returns them to Birdy for a full refund Julia also discovers that 10 of Aug. 10 Aug. 12 Aug. 14 the birdhouses from the August 12 purchase are painted the wrong color but keeps them since Birdy granted an allowance of $24 per birdhouse. Julia Aug. 20 her account in full from the August 12 purchase, less any returns, pays allowances, and or discounts.
- 3. Ms. Raheema purchases goods with a list price of RO 30,000. The supplier offers a 10 % trade discount, and a 2 2 % cash discount for payment within 10 days. Required: a) Calculate the amount Ms. Raheema will have to pay after the 10 days of discount b) Calculate the amount Ms. Raheema will pay during the discount periodMaximum Inc. (retailer) has a loyalty program that rewards its customers one point per $1 spent. Points are redeemable for $0.20 off future purchases. A customer purchases products (cost of $280) for cash at the usual selling price of $400 and earns 400 points redeemable for $80 off future purchases of goods or services. The retailer expects redemption of 360 points or 90% of points earned. a.) How should the transaction price be allocated among the performance obligation(s)?Note: Round each allocated transaction price in the table below to the nearest dollar. b. Prepare Maximum’s journal entry to record the $400 sale to the customer where the customer earned 400 loyalty points.A furniture store bought some bookcases at $79 each, after a trade discount of 55%. What was the list price of the bookcase?
- Royal Furniture bought a sofa for $990. The sofa had a $1,590 list price. What was the trade discount rate Royal received? (Round your answer to the nearest hundredth percent.) Trade discount rate 9.00 % < Prev 7 of 15 Next 筆 1At Lowe's, each contractor receives 5% discount for his purchases. A contractor buys a saw which is listed at $149 less 10% What is the actul price paid by the contractor? Select one: A. $127.40 B. $134.10 C. $141.55 D. $128.68 E. $129Problem: On December 31, Mr. Adrian sold equipment amounting to P640,000 with a trade discount of 6%, 1%, and term of sales of 2/45, n/60. Mr. Adrian pay the shipper of the shipping costs up to the buyer's warehouse. 1. How much is the invoice price? 2. When is the due date to avail the 2% discount? 3. What is the term of shipment? Choose if: FOB Shipping Point - Freight Collect, FOB Shipping Point - Freight Prepaid, FOB Destination - Freight Prepaid, FOB Destination - Freight Collect