Discount for prompt payment

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A store orders 100 hammers and 50 chisels from a supplier in Belgium.

The hammers cost €5.30 each, and the total cost of the order, before discount, is €775.

(a) Calculate the cost of one chisel.

The supplier offers a 5% volume discount.

(b) Calculate the cost of the order, after discount.

After discount, a transport cost is added, and the amount owing on the invoice is then €750.

(c) Calculate the cost of transport.

On the statement, a discount for prompt payment is offered of €30.

(d) Calculate the discount as a percentage of the amount invoiced.

Reference no: EM131089667

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