Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 7, Problem 17AT
Answer the following questions based on the Leisure Time Industries invoice on the following page.
a. What is the net price factor of the trade discount series 20/15/11 ?
b. What is the single equivalent discount?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.
The Honolulu Advertiser stated that in Honolulu there was an average of 659 burglaries per 400,000 households in a given year. In the Kohola Drive neighborhood there are 321 homes. Let r be the number of homes that will be burglarized in a year. Use the formula for Poisson distribution. What is the value of p, the probability of success, to four decimal places?
The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $2 per cookie. Each cookie contains a piece of paper with a different number written on it. A random drawing will determine which number is the winner of a dinner for two at a local Chinese restaurant. The dinner is valued at $32. Since fortune cookies are donated to the club, we can ignore the cost of the cookies. The club sold 718 cookies before the drawing. Lisa bought 13 cookies. Lisa's expected earnings can be found by multiplying the value of the dinner by the probability that she will win. What are Lisa's expected earnings? Round your answer to the nearest cent.
Chapter 7 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 7.I - From the following FotoFair invoice, identify the...Ch. 7.I - Prob. 2TIECh. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 2RECh. 7.I - What word is represented by each of the following...Ch. 7.I - Prob. 4RECh. 7.I - Prob. 5RECh. 7.I - Prob. 6RECh. 7.I - Prob. 7RECh. 7.I - Prob. 8RE
Ch. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Prob. 10RECh. 7.I - Prob. 11RECh. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Prob. 13RECh. 7.I - Using the Panorama Products invoice below, extend...Ch. 7.I - Prob. 15RECh. 7.I - Prob. 16RECh. 7.I - Prob. 17RECh. 7.I - Prob. 18RECh. 7.I - Prob. 19RECh. 7.I - Prob. 20RECh. 7.I - Prob. 21RECh. 7.I - Prob. 22RECh. 7.II - Gifts Galore, a retail gift shop, buys merchandise...Ch. 7.II - Prob. 4TIECh. 7.II - Wilson Sporting Goods recently sold tennis rackets...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - Prob. 3RECh. 7.II - Prob. 4RECh. 7.II - Calculate the following trade discounts. Round all...Ch. 7.II - 6. Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following trade discounts and net...Ch. 7.II - Calculate the following net price factors and net...Ch. 7.II - Calculate the following net price factors and net...Ch. 7.II - Prob. 12RECh. 7.II - Prob. 13RECh. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Prob. 19RECh. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Prob. 22RECh. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.II - Calculate the following trade discounts and trade...Ch. 7.III - Northwest Publishers sold an order of books to The...Ch. 7.III - Prob. 7TIECh. 7.III - The Rainbow Appliance Center purchased an order of...Ch. 7.III - Prob. 1RECh. 7.III - Prob. 2RECh. 7.III - Prob. 3RECh. 7.III - Prob. 4RECh. 7.III - Prob. 5RECh. 7.III - Calculate the following net price factors and net...Ch. 7.III - Prob. 7RECh. 7.III - Prob. 8RECh. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Calculate the following net price factors and...Ch. 7.III - Prob. 12RECh. 7.III - Prob. 13RECh. 7.III - Prob. 14RECh. 7.III - Complete the following table. Round net price...Ch. 7.III - Prob. 16RECh. 7.III - Prob. 17RECh. 7.III - Prob. 18RECh. 7.III - Prob. 19RECh. 7.III - Prob. 20RECh. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Prob. 24RECh. 7.III - Complete the following table. Round net price...Ch. 7.III - Complete the following table. Round net price...Ch. 7.III - Prob. 27RECh. 7.IV - Valiant Plumbing ordered sinks from a supplier....Ch. 7.IV - All Pro Sports Center purchases $45,300 in...Ch. 7.IV - Prob. 11TIECh. 7.IV - Prob. 12TIECh. 7.IV - Prob. 13TIECh. 7.IV - Prob. 14TIECh. 7.IV - Prob. 15TIECh. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Calculate the cash discount and the net amount due...Ch. 7.IV - Prob. 3RECh. 7.IV - Prob. 4RECh. 7.IV - Prob. 5RECh. 7.IV - For the following transactions, calculate the...Ch. 7.IV - For the following transactions, calculate the...Ch. 7.IV - Prob. 8RECh. 7.IV - Prob. 9RECh. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Prob. 12RECh. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the ordinary dating method, calculate the...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - Using the EOM, ROG, and Extra dating methods,...Ch. 7.IV - 21. The Apollo Company received an invoice from a...Ch. 7.IV - An invoice is dated August 21 with terms of 4/18...Ch. 7.IV - An invoice dated January 15 has terms of 3/20 ROG....Ch. 7.IV - Prob. 24RECh. 7.IV - 25. Red Tag Furniture received a SeaLand container...Ch. 7.IV - 26. City Cellular purchased $28,900 in cell phones...Ch. 7 - 1. The document detailing a sales transaction is...Ch. 7 - F.O.B. shipping point and F.O.B. destination are...Ch. 7 - 3. To extend an invoice, for each line, we...Ch. 7 - 4. To calculate the amount of a single trade...Ch. 7 - 5. The _____ price is the amount a business...Ch. 7 - 6. To calculate the net price factor, we subtract...Ch. 7 - Write the formula for the trade discount rate....Ch. 7 - In a chain or of trade discounts, we calculate the...Ch. 7 - 9. As a shortcut, we can use the net price _____...Ch. 7 - To calculate the net price factor, we subtract...Ch. 7 - A single trade discount that equates to all the...Ch. 7 - Prob. 12CRCh. 7 - To calculate the credit given for a partial...Ch. 7 - Prob. 14CRCh. 7 - Prob. 1ATCh. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...Ch. 7 - Answer the following questions based on the...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- What was the age distribution of nurses in Great Britain at the time of Florence Nightingale? Thanks to Florence Nightingale and the British census of 1851, we have the following information (based on data from the classic text Notes on Nursing, by Florence Nightingale). Note: In 1851 there were 25,466 nurses in Great Britain. Furthermore, Nightingale made a strict distinction between nurses and domestic servants. Use a histogram and graph the probability distribution. Using the graph of the probability distribution determine the probability that a British nurse selected at random in 1851 would be 40 years of age or older. Round your answer to nearest thousandth. Age range (yr) 20–29 30–39 40–49 50–59 60–69 70–79 80+ Midpoint (x) 24.5 34.5 44.5 54.5 64.5 74.5 84.5 Percent of nurses 5.7% 9.7% 19.5% 29.2% 25.0% 9.1% 1.8%arrow_forwardWhat was the age distribution of nurses in Great Britain at the time of Florence Nightingale? Thanks to Florence Nightingale and the British census of 1851, we have the following information (based on data from the classic text Notes on Nursing, by Florence Nightingale). Note: In 1851 there were 25,466 nurses in Great Britain. Furthermore, Nightingale made a strict distinction between nurses and domestic servants. Use a histogram and graph the probability distribution. Using the graph of the probability distribution determine the probability that a British nurse selected at random in 1851 would be 40 years of age or older. Round your answer to nearest thousandth. Age range (yr) 20–29 30–39 40–49 50–59 60–69 70–79 80+ Midpoint (x) 24.5 34.5 44.5 54.5 64.5 74.5 84.5 Percent of nurses 5.7% 9.7% 19.5% 29.2% 25.0% 9.1% 1.8%arrow_forwardThere are 4 radar stations and the probability of a single radar station detecting an enemy plane is 0.55. Make a histogram for the probability distribution.arrow_forward
- of prove- Let (X, Td) be aspace. show that if A closed set in X and r & A, thend (r,A) +0arrow_forwardQ/prove:- Let (X, Td) be aspace. show that if a ex, then {a} is closed set (every finit set is closed set).arrow_forwardAlready got wrong chatgpt answer Plz don't use chatgpt answer will upvotearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY