Question

ASSIGNMENT 2 QUESTIONS Units 3 & 4 1. An agricultural tool was priced at $2200.00 three months ago and now has a price of $1350.00. What is the rate of discount? 2. Sam sells a model of TV set for S1200. The fixed cost is S2000 each month and the variable cost is $800. If he wants to make profit $800 per month, how many TV sets must be sold per month? 3. Sam and friends operate car washing center. For each car, supplies cost $25 and wages are 845. A special room and equipment are needed at a cost of $500 per month. The car washing center maintains an average of 50 cars washed cach month. What must be the price for the car washing center to break even? 4. Walmart sells a type of lawn mower for $2400 below the suggested retail price. Walmart claims that this represents a 20% discount. What is the suggested retail price? 5. Old Navy promotes a discount of $45.00 on a shirt. If the discount is 30%, what is the sales price now? 6. On an invoice, the net amount is $2300, after the subtraction of discounts of 5%, 13%, 8.5%. What is the original amount? 7. GAP lists an article for $99.00 less 20% and 15%. A competitor carries the same article for $115.00 less 18%. What further discount correct to the nearest 1/10 of 1%) must the competitor allow so that its net price is the same as Deep Discount's? 8. True North Company received an invoice dated November 18 for a shipment of goods received November 21. The invoice was for $9255.00 less 40%, 13.375% with terms 5/10, 3/20, 1/45. How much must Burke pay on December 2 to reduce its debt a) by S2000.00 BUSI1003 MATH FOR BUSINESS

Answer 1

1. discount rele = Actuel price - present price X100 Actend price 2200 1350 .X100 2200 discount rete 38.64% 2. selling price $5200 Total Revenue R(x) = (200 X Totel cost Clas= variable cost & fixed cost C(x) = 800x +$2000 profit P(x) R(X) -C(X) 1200 X-SOOX-2000 p(x) = 400X - 2000 p(x) = 800 =) 400x – 2000 = 800 400 X = 2800 X = 7