I need some help on figureing out how to answer these problems please i have never done this type of math before thank you
Find the discount and total to be paid for each of the following:
Amount Terms When Paid Discount Total
$2.000 3/30 22 days
$400 2/10 5 days
$290.50 3/10, 2/30 12 days
Compute the following multiple discounts and net prices:
Lit price 550.65 First Discont 15%
Second Discount 5%
Find the markup and selling price for each of the following:
Cost Markup Rate Markup Selling Prce
$4,508.60 35%
$7005.72 52%
15. Find the markup percent, based on the cost, of an item that cost $49 and sells for $75
16. Find the markup amount of an item selling for $95 if it was marked up 30% based on the cost
Using the following figures to find the percent of recenue by division
East $43,000
West$61,000
South$28,000
Central$51,000
Calculate each deducation and (25.) net pay
Gross Wages Fed, tax 22.Insurance 23. St, Tax 24. FICA
608.45 57.20 1.7% 5% 7.65%
22.
23.
24.
25.
Find the discount and total...(I will do the last one)
$290.50 3/10, 2/30 12 days
means: there is a 3% discount if paid within 10, or a 2% discount if paid within 30 days.
They paid after 12 days, so they get a 2% discount.
So they have to pay 98% of original
Total = $290(.98) = $284.20
Compute the following multiple discounts....
discount of 15% , then 5%
single discount = 1 - .85(.95) = .1925 or 19.25%
Find the markup and selling price...
( I will do the 2nd one)
$7005.72 52%
amount of markup = 7005.72(.52) = 3642.97
Selling price = 7005.72 + 3642.97 = $10648.69
15. markup = 75-49 = 26
markup percent = 26/49 = .531 or 53.1%
16.
1.3(cost) = 95
cost = 95/1.3 = $73.08
Do not understand the remaining questions.
Sure, I can help you with your math problems. I will explain how to solve each problem step by step.
1. Find the discount and total to be paid for each of the following:
For each problem, you need to calculate the discount and the total amount to be paid. To do this, you need to understand the terms given.
a. Amount: $2,000
Terms: 3/30 (3% discount if paid within 30 days)
When Paid: 22 days
To find the discount, multiply the amount by the discount rate:
Discount = $2,000 * 3% = $60
To find the total, subtract the discount from the amount:
Total = Amount - Discount = $2,000 - $60 = $1,940
b. Amount: $400
Terms: 2/10 (2% discount if paid within 10 days)
When Paid: 5 days
Following the same procedure as above:
Discount = $400 * 2% = $8
Total = $400 - $8 = $392
c. Amount: $290.50
Terms: 3/10, 2/30 (3% discount if paid within 10 days, 2% discount if paid within 30 days)
When Paid: 12 days
Here, you need to calculate the discount for each set of terms and then subtract it from the amount:
Discount for 3/10: $290.50 * 3% = $8.715
Discount for 2/30: $290.50 * 2% = $5.81
Total discount = $8.715 + $5.81 = $14.525
Total = $290.50 - $14.525 = $275.975
2. Compute the following multiple discounts and net prices:
Given:
List price = $550.65
First Discount = 15%
Second Discount = 5%
To calculate the first discount, multiply the list price by the first discount rate:
First discount = $550.65 * 15% = $82.5985
To find the price after the first discount, subtract the first discount from the list price:
Price after first discount = List price - First discount = $550.65 - $82.5985 = $468.0515
To calculate the second discount, multiply the price after the first discount by the second discount rate:
Second discount = $468.0515 * 5% = $23.402575
To find the net price, subtract the second discount from the price after the first discount:
Net price = Price after first discount - Second discount = $468.0515 - $23.402575 = $444.648925