Week 7 my money
7-23. Lucky you! You went to couponcabin.com and found a 20% off coupon to your partner’s favorite store. Armed with that coupon, you went to the store only to find a storewide sale offering 10% off everything in the store. In addition, your credit card has a special offer that allows you to save 10% if you use your credit card for all purchases that day. Using your credit card, what will you pay before tax for the $155 gift you found? Use the single equivalent discount to calculate how much you save and then calculate your final price.
LU 7-1(4) 7-24. Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.
LU 7-1(1, 2) 7-25. DJI manufactures the Mavic Air 2 quadcopter and offered a 5/2/1 chain discount to primary customers. Drone Nerds is a primary customer and ordered 20 Mavic Air 2’s for a total $17,000 list price. What was the net price of the quadcopters? What was the trade discount amount?