Sean Atchison bought various new power tools for $1,244 on March 29 on terms of 1/15, net 25. Almost immediately, he returned a power saw that cost $175. What is his discount amount?
Group of answer choices
$10.69
$10.99
$11.39
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A home furnishings salesperson works on a commission-only basis. He earns an 11% commission on all sales that are final, i.e., merchandise is not returned. Last month sales were $48,500, but $7,400 worth of furnishings were returned. What was the salesperson's commission for last month?
Group of answer choices
$4,521
$5,690
$13,285
$41,100
$12.69
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1. Discount = (Purchases - Returns)*discount rate = (1244-175)*1% = 10.69 Option A |
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2. Commission = (48,500 - 7,400) * 11% = 4521 Option A |
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Sean Atchison bought various new power tools for $1,244 on March 29 on terms of 1/15,...