Calculate the trade discount amount of merchandise with a list price of 5,000 less trade discounts ...

Calculate the trade discount amount of merchandise with a list price of 5,000 less trade discounts of 40/20/15.
A) 2,960
B) 2,040
C) 3,750
D) 1,250

Q. 2

Bigg Stores had net sales of 254,700 for July. They maintain a gross margin of 56 on sales, and estimate their ending inventory for July to be 78,400. What is the amount of goods available for sale?

Q. 3

Dents and Dings Auto Body buys paint with a list price of 29,000. If the supplier extends trade discounts of 30/35/20, what is the trade discount amount?
A) 10,566
B) 18,444
C) 17,600
D) 13,250

Q. 4

Susan's Salon maintains a gross margin of 58 on all of its merchandise. In April the company had a beginning inventory of 622,500, net purchases of 92,400, and net sales of 127,700. Use the gross profit method to estimate the cost of ending inventory as of April 30.

Q. 5

Flora's Flowers buys some pots and vases with a list price of 26,700. If the supplier offers a trade discount that yields a net price of 12,955, what is the trade discount rate to the nearest tenth of a percent?
A) 45.1
B) 49.5
C) 59.6
D) 51.5

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Calculate the trade discount amount of merchandise with a list price of 5,000 less trade discounts ...

Related Topics