There is an invoice amount of 3,545 which includes 120 in freight charges. The terms are 2/10, n/45 and the invoice is paid within the discount period. What is the net invoice amount due?
Q. 2What is the net amount due on an invoice where the invoice amount is 572.39 and the terms are 3/15, n/30? Assume the invoice is paid within the discount period.
Q. 3A retailer tracks list prices and discounts in an Excel spreadsheet so owners can analyze how different sales will affect the company's bottom line. One item in Cell B4 has a list price of 172.89. Varying rates for discount 1 and discount 2 can be entered into Cells B5 and B6. Which formula should be entered into Cell B7 to calculate the net-price equivalent?
A) =B4B5B6
B) =B4(1-B5)(1-B6)
C) =1-(B5+B6)
D) =(1-B5)(1-B6)
Q. 4Kermit and Chris bought a vacation package for 3,999. There is a 4.75 sales tax added to the package. What is the total cost?
A) 4,188.95
B) 4,118.15
C) 3,817.66
D) 3,813.05
Q. 5Marianne spent 116.56 at the cosmetic counter in a department store. Included in the price is 5.5 sales tax. What is the selling price of the cosmetics she purchased?
A) 122.91
B) 115.25
C) 111.09
D) 110.48
Q. 6Adya ordered books at a cost of 113. She is charged an additional 5.95 in sales tax and 12 in shipping costs. What is the total cost if the shipping charges are not taxable?
A) 119.72
B) 129.13
C) 131.72
D) 132.44
Q. 7Mr. Taylor purchased furniture for his office for a total of 1,109.46 including 6.25 in sales tax. How much was the furniture before the tax?
A) 1,404.12
B) 1,044.20
C) 1,004.20
D) 1,040.12
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