years. As they are in a very good trade relationship Abdul Hamid planned to give him a trade discount of 20%, 25% and 30% on wooden furniture, Aluminum furniture and Plastic furniture respectively. Javed LLC, gets a such a discount from Abdul Hamid, they will be able to sell the furniture in the below mentioned list prices: Items Total list price Wooden furniture( 15 numbers) OMR 699.50 Aluminum furniture( 12 numbers) OMR 489.90 Plastic furniture( 17 numbers) OMR 435.50 You are required to: (a) What price Javed LLC should pay for the Wooden furniture to Abdul Hamid, the wholesaler? (b) What price Javed LLC should pay for the Aluminum furniture to Abdul Hamid, the wholesaler? (c) What price Javed LLC should pay for the Plastic furniture to Abdul Hamid, the wholesaler?

years. As they are in a very good trade relationship Abdul Hamid planned to give him a trade discount of 20%, 25% and 30% on wooden furniture, Aluminum furniture and Plastic furniture respectively. Javed LLC, gets a such a discount from Abdul Hamid, they will be able to sell the furniture in the below mentioned list prices: Items Total list price Wooden furniture( 15 numbers) OMR 699.50 Aluminum furniture( 12 numbers) OMR 489.90 Plastic furniture( 17 numbers) OMR 435.50 You are required to: (a) What price Javed LLC should pay for the Wooden furniture to Abdul Hamid, the wholesaler? (b) What price Javed LLC should pay for the Aluminum furniture to Abdul Hamid, the wholesaler? (c) What price Javed LLC should pay for the Plastic furniture to Abdul Hamid, the wholesaler?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose a certain car manufacturer's incentive program designed to reduce inventory of certain low-selling models offers a $9,000 extra dealer incentive for each of these vehicles that the dealer moved into its rental or service fleets.As the accountant for a dealership with a number of these vehicles left in stock, your manager has asked you to calculate certain invoice figures. The normal trade discount from this car manufacturer is 16%. If the average sticker price (list price) of these remaining vehicles at your dealership is $24,500, calculate the following.(a)What is the amount of the trade discount, including the incentive (in $)?$ (b)What is the trade discount rate (in percent)? Round to the nearest tenth of a percent.%(c)What is the net price (invoice price) to your dealership (in $)?$ (d)If the cars were then sold from the fleets at $1,000 over "invoice" (net price), what is the total percentage savings to the consumer based on the list price? Round to the nearest tenth of a…
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