Determining the net price of the skateboards

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-A manufacturer of skateboards offered a 5/2/1 chain discount to many customers. Bob's Sporting Goods ordered 20 skateboards for a total $625 list price. What was the net price of the skateboards? What was the trade discount amount?

-Home Depot wants to buy a new line of fertilizers. Manufacturer A offers a 21/13 chain discount. Manufacturer B offers a 26/8 chain discount. Both manufacturers have the same list price. What manufacturer should Home Depot buy from?

-Maplewood Supply received a $5,250 invoice dated 4/15/06. The $5,250 included $250 freight. Terms were 4/10, 3/30, n/60. (a) If Maplewood pays the invoice on April 27, what will it pay? (b) If Maplewood pays the invoice on May 21, what will it pay?

-A local Sports Authority ordered 50 pairs of tennis shoes from Nike Corporation. The shoes were priced at $85 for each pair with the following terms: 4/10, 2/30, n/60. The invoice was dated October 15. Sports Authority sent in a payment on October 28. What should have been the amount of the check?

Reference no: EM132860479

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