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- Subject: General FinanceYou buy goods at a list price of $1,100. If you receive a trade discount of 30% and terms are “2/15, n/45,” what amount must you pay if you pay within the discount period?You want to buy an item with an original price of $75. If there is a 30% discount, how much can you deduct from the original price? A $75 B. $30 C $2250
- Look at the question belowA 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?The full amount of purchase is P530. If a cash discount of 10% is allowed, find the amount of the cash discount and the net amount to be paid. Round to the nearest centavo
- PLEASE SHOW ALL WORK You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period?Which one of the following statements is correct if you purchase an item with credit terms of 3/15, net 45? Multiple Choice One-third of your purchase is due in 15 days and the rest is due in 45 days. If you pay within 15 days, you will receive a discount of 3 percent. If you pay within 3 days, you will receive a discount of 15 percent. If you do not pay within 15 days, you will be charged Interest at a rate of 3 percent per month. If you pay 3 percent of your purchases within 15 days, you will have 45 days to pay for the remainder.Select the items below that match the term: Credit terms of 2/10, n/30 A. the seller offers the purchaser a 2% cash discount regardless of when bill is paid B. the full amount is due in 30 days. C. the seller offers the purchaser a 2% cash discount if bill is paid within 30 days D. the seller offers the purchaser a 2% cash discount if bill is paid within 10 days Select all that apply.
- A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points. How much money does the buyer need up front to make the purchase?Find the trade discount on a computer that lists for $600 if a discount rate of 5% is offered. The trade discount is $31.58An item is purchased for $2500 with a down payment of $500. There is a finance charge of $ 150 Find the monthly payment if 20 payments are made. Round the answer to the nearest cent.