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Category > Business & Finance Posted 02 Nov 2023 My Price 15.00

MAT 140 Milestone 2 University of Maine at Presque Isle

Answer the following questions in full.

  1. Explain the difference between a trade discount and a cash discount.

 

  1. Give a mathematical example of a trade discount, whereby the original price is $150.00, and it is discounted by 20% if you buy 10 units. How much will you pay for the 10 units? What is the average price for 1 unit?

 

  1. Give a mathematical example of a double trade discount, whereby the original price is $200.00, and it is discounted by 20% if you pay 10 units, and then it is discounted and additional 10% if you buy 20 units. (This requires two calculations).

 

  1.  
    1. How much will you buy 10 units?
    2. What is the average price for 1 unit under the first scenario?
    3. How much will you pay for the 20 units?
    4. What is the average price for 20 unit?

 

  1. One example of a Cash Discounts is to receive a 2% discount off of the net price of merchandise if one pays within 10 days (2/10, n30). Based on this scenario, a merchant offers you 2/10, n30 on a $30,000 purchase made on 9/1.
    1. If you pay your bill on 9/7, how much will you owe?
    2. If you pay your bill on 9/27, how much will you owe?
    3. Give a brief explanation in the savings and how this is a good opportunity for both the buyer and the seller?

 

  1. You are a purchasing agent at ABC Inc. You recently made a discounted purchase of $45,000 on a $60,000 item.
    1. Calculate the percentage discount you received on this purchase.
    2. Also, show the formula used in your calculation.

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Status NEW Posted 02 Nov 2023 05:11 PM My Price 15.00

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