You buy a $100 item with a 15% discount. How much doyou pay?a) $75 b) $80 c) $85 d) $90

Step 1: We need to find the amount we need to pay after the discount of 15% on $100.The initial file…

Answered: You buy a $100 item with a 15%…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 14MC: A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays...

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Similar questions

Subject: General Finance
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
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A 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?
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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 $31.58
You place and order for 100 units of inventory at a unit price of P 50.00. The supplier offers terms of 3/30, net 90. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? How much is the discount offered? How quickly must you pay to get the discount? If you take the discount, how much should you remit? If you don’t take the discount, how much interests are you paying implicitly? How many days’ credit are you receiving?
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A trade credit bill of $80,000 with terms of sale of 2/5, net 30 means the buyer saves if the bill is paid within the discount period A:1600 How much discount will a buyer receive if the buyer pays a trade credit bill of $60,000 with terms of sale of 2/5, net 30 on the net due date? A: 0

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You buy a $100 item with a 15% discount. How much do you pay? a) $75 b) $80 c) $85 d) $90