Questions from Business Mathematics

Q: A 28% trade discount on a game console represents a discount

A 28% trade discount on a game console represents a discount of $136.92 from the suggested retail price. What is the net price to the buyer?

Q: The net price of an item after a discount of 22%

The net price of an item after a discount of 22% is $155.61. What is the amount of the discount?

Q: Mr. and Mrs. Ogrodnik want to list their house at

Mr. and Mrs. Ogrodnik want to list their house at a price that will net them a minimum of $320,000 after a real estate commission of 5.5% of the selling price. Rounded to the nearest $100, what is the...

Q: Chicken Little Farms gives convenience stores a trade discount of 25%

Chicken Little Farms gives convenience stores a trade discount of 25% on eggs listed at $43.00 per case. What trade discount will Sunnyside Farms have to give on its list price of $44.50 per case to m...

Q: A merchant pays a 2.9% fee to the RBC

A merchant pays a 2.9% fee to the RBC Royal Bank on all Visa sales. 1. What amount will he pay on sales of $28,476 for a month? 2. What were his gross sales for a month in which the bank charged fees...

Q: At its current price of $1.10 per share,

At its current price of $1.10 per share, the price of Apex Resources stock is down 78% from its price one year ago. What was that price?

Q: Rearrange NI = (CM)X – FC, to isolate

Rearrange NI = (CM)X – FC, to isolate X on the left side.

Q: An invoice shows a net price of $199.16 after

An invoice shows a net price of $199.16 after trade discounts of 22%, 7%, and 5% are deducted. 1. What was the list price of the goods? 2. What single trade discount would be equivalent to the discoun...

Q: Memex Corp. manufactures memory expansion boards for microcomputers. The average

Memex Corp. manufactures memory expansion boards for microcomputers. The average selling price of its finished product is $180 per unit. The average variable cost per unit is $110. Memex incurs fixed...

Q: The Armour Company had the following revenue and costs in the most

The Armour Company had the following revenue and costs in the most recently completed fiscal year: Total revenue ………………………. $10,000,000 Total fixed costs .…………………. $2,000,000 Total variable costs …………...