What is the single equivalent rate of discount

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1) lsey recieves an invoice from MTZ Equipment and Storage dated January 2nd, 2017 for $1,370 with terms 5/9, 2/13, nn/28. This amount will be paid on January 18th, 2017. How much should lsey pay to pay off the full invoice amount? Round the answer to the nearest cent if necessary.

2) lly recieves an invoice from Home Hardware dated February 3rd, 2014 for $1,210 with terms 4/9, 1/14, nn/30. This amount will be paid on February 12th, 2014. How much should lly pay to pay off the full invoice amount? Round the answer to the nearest cent.

3) The price for a bike after two successive discounts of 34% and 11% is $161.54. What is the single equivalent rate of discount? 

4) Trade discounts of 40% and 15% are applied consecutively to an item that has a list price of $850. What is the price of the item after the discount of 40%? What is the price of the item after the discount of 15%?

Reference no: EM133077923

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