1. You work for a manufacturing company that decides to introduce a new product. If your...
1. You work for a manufacturing company that decides to introduce a new product. If your company offers retailers a 35% discount off list price, what should the list price be to ensure that your company nets $1,600?
2. You buy goods with a list price of $4,500 with terms of 6/15, n/45. If the supplier has a policy of allowing a cash discount for partial payments and you pay $3,000 within the discount period, calculate the amount of credit you will receive for this payment.
3. A copy machine cost $2,990, after a discount of 30/12/5. What was the original list price of this machine?
Homework Answers
1.
Company offer 35% discount to retailer and net price after discount is $1,600.
List price = $1,600 / (1 - 35%)
= $2,461.54
List price that company offer is $2,461.54.
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