4) A watch has a list price of P22,999.99 and can be bought by Sterling Jewelers for a net price of P19,555. a) What is the amount of the trade discount? b) What is the trade discount rate?

Q: 8. At clearing out sale, a jacket marked P2,500 was offered for 1870 What retail discount was…

A: We have to determine rate of discount

Q: You own a home that was recently appraised for $330,000. The balance on your existing mortgage is…

A: Find potential amount

Q: 4. At the end of one day a clearing house member is long 100 contracts, and the settlement price is…

A:

Q: list price : $21.89 trade discount rate : 18% what is the trade discount and what is the net…

A: Here we have given list price and trade discount rate . We have to calculate trade discount and net…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Introduction: The following information is provided: Appraised Value = $356,900. Lender's Percentage…

Q: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?

A: We can find the answer as below.

Q: A General Motors incentive program designed to reduce inventory of certain low-selling models offers…

A: Consider the provided question, (d) Since, given the cars sold from the fleets at $1,200 over…

Q: What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a…

A:

Q: Assume that 3-month Treasury bills totaling $33 billion were sold in $10,000 denominations at a…

A:

Q: Phil Armstrong earns a gross income of $5,355 per month. He has submitted an application for a…

A: Given that, monthly gross income is $5,355,  monthly PITI is $1,492 and  other financial obligation…

Q: In one particular month, a person has a balance of $$ 1,870 on their credit card for 10 days. They…

A: Topic- Average

Q: a list price of R32,000. If the supplie extends trade discounts of 42/32/1 is the trade discount…

A: The price after three successive discounts is given by  Price = original Price 1-first…

Q: Carlos earns a gross income of $5,690 per month and applies for a mortgage with a monthly PITI of…

A: Consider the provided question, Given, Carlos earns a gross income of $5,690 per month and applies…

Q: What is the discount factor that is equivalent to a 7​% discount​ rate?

A: We have to find the discount factor that is equivalent to a 7% discount rate

Q: If a series of trade discount rates are 22%, 11%, and 5%, what is the equivalent single trade…

A: Given that  The series of a trade discount rates are 22%, 11% and 5%.

Q: The financial officer of Toys and Noise arranges a loan of $6,500, at 8.5% Interest, for 35 months.…

A:

Q: What amount will reduce the amount due on an invoice of $9410.25 by $842.00 if the terms of the…

A: Given that the amount due on an invoice of $9410.25 by $842.00 and the terms of the invoice are 510,…

Q: A retailer has received an invoice of $8,680 dated September 25, terms 2/20, n/30 EOM, for a…

A:

Q: A U.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form

A: We have given  Trading price, P = 98 and 6/32 P=98+632 P=98+0.1875 P=98.1875

Q: An invoice for $3200, dated March 20, terms 3/10 E.O.M., was received March 23. What payment must be…

A:

Q: A wholesaler has received an invoice of $21,450 dated November 17, terms 2/20, n/30 EOM, for a…

A: We have to answer question based on invoicing.

Q: Suppose, Macys decides to discount Ralph Lauren dresses, originally sold for $12 rs another 10% on…

A: The original cost of dress is $120 First discount is 10%  Therefore after discount the markdown rate…

Q: 7. Mrs. Yang borrowed P14,500 from a lending institution that charges 5 1⁄2 % simple discount. How…

A: Solution: borrowed amount P = 14,500 simple discount = 5.5%

Q: calculate the missing information. Round dollars to the nearest cent and percents to the nearest…

A: find explanation below

Q: A mechanical tool was bought in the net amount of P79, 135. If the second discount rate was 5 % of…

A: Let the rate of the first discount be x%. Given that the tag price was P98,000. The cost price of…

Q: 5. For the purchase of an SUV worth P1,200,000, the bank requires a minimum  amount of 20% down…

A: Given: SUV worth is  P1,200,000. 20% required down payment. To find mortgage amount.

Q: An invoice for $3200, dated March 20, terms 3/10 E.O.M., was received March 23. What payment must be…

A:

Q: A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family…

A:

Q: The net price on an item listed for $369 is $287.82.What trade discount rate is being given?

A: Given: The list price $369   and the net price is $287.82

Q: Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round…

A:

Q: How long will it take borrower to diminiy₱198,480 if a lender charges 15.65% monthly and monthly…

A: loan amortization formula A=Pr(1+r)n(1+r)n-1 where A is periodic payment P is loan amount r is…

Q: A prospective car buyer can choose between a fixed and a variable interest rate and can also choose…

A:

Q: 2. When a department store held a sell, the price of every item was reduced by 60%. If, in addition,…

A: After 60% reduction in price New price = 40% of 88                    = 35.2 10% further reducing…

Q: CALCULATE THE PRICE OF AN ITEM COSTING 100 DOLLARS AFTER A DISCOUNT OF 10% IS APPLIED TO IT.

A:

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Consider the given table. AppraisedValueLender'sPercentagePercentage ofAppraised valuein $Balance…

Q: A $15,000 11% 120 Day note dated September 3rd is discounted on November 11th. Assuming a bank…

A: Given that, A $15,000 11% 120 Day note dated September 3rd is discounted on November 11th. Assuming…

Q: 2 According to the CUNY Factbook posted online, 55% of the students enrolled at LaGuardia Community…

A: % students enrolled full time = 55% % students enrolled part  time = 45%

Q: Gross machine companies started offering discounts of 22%, 18% and 14%, what is the single discount…

A: We have to find a single discount rate

Q: The net price equivalent rate (in decimal form) of the chain discount 8/10/16 is:

A: Given. We need to find the final price of an article after successive discount of 8, 10 and 16%.

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The discount period starts on November 28, the date of receive. Then the discount date in terms of,…

Q: 3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to…

A: The borrower owes P10,000 due at the end of 3 years without interest. At 7% simple interest the…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round…

A: The given list price is = $3,499.00 Trade Discount Rate = 33%. The formula for net price factor is…

Q: 2. Find the final cost of a car that has an original price of $28,750 if the incentive is applied…

A: The solution is given below.

Q: 4.b) A debt of RM 720 on 30 November 2018 will amount to RM 750 on 20 February 2019. What was the…

A: A debt of RM 720 on 30 November 2018 will amount to RM 750 on 20 February 2019. We need to find the…

Q: 16. Melissa Silva borrowed $4,200 from the bank. If she has already repaid of the loan, what is the…

A: As per the company guidelines we can solve first question. I hope that the given solution will help…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: The percentage of appraised value and the potential credit (in $) is as follows :

Q: A certain bank pays 3.4% interest per year for a certificate of deposit, orCD. What is the total…

A: Initial payment= P= 1250 Interest rate =r= 3.4%= 0.034 Time= t = 18 months = 18/12= 1.5 years  Final…

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.