Chapter 7.III, Problem 27RE

(a)

To determine

To calculate: The savings if a buyer for the Kitchen division of Shopper’s Mart, is looking for better discounts.

Quantity	Unit	Merchandise	Unit List($)	Trade discounts
$150$	Ea.	Blenders	$59.95$	$20/20/15$
$400$	Ea.	Toasters	$39.88$	$20/10/10$
$18$	Doz.	Coffee Mills	$244.30$	$30/9/7$
$12$	Doz.	Juicers	$460.00$	$25/15/10$

In addition, the vendor increased the volume discount to $6\frac{1}{2}\%$.

(b)

To determine

To calculate: The discounted amount, if a buyer for the Kitchen division of Shopper’s Mart, is getting $2\%$ extra discount as her paid the amount within $15$ days instead of $30$ days.