Task:

1) An invoice shows a net price of $842.50 after a series of discounts of 17.5%, 12%, and 6% are deducted.

a) What was the list price (rounded to the nearest penny) of the goods?

b) What single discount (% with 2 decimal places) would be equivalent to the discount series?

2) Acme Inc received an invoice dated November 24 for $20,500.00 with terms 2.5/15, 1.5/30, n/45. Acme made a payment of $15,000.00 on December 03, and a second payment on December 22 that reduced the balance owed to $1,000.00. How much (rounded to the nearest penny) was the second payment?

3) Mark, Kyle and Susan started their partnership with total investment of $135,000 contributed in the ratio of 3 : 4 : 2. If each partner contributes another $10,000, what will be the ratio of their total contributions? 

4) Future Buy, an electronic store retailer, purchased 300 laptops from the manufacturer for $415.76 each, less a series of trade discounts of 14% and 8%. The markup on these laptops is 16.8268% of the selling price, and Future Buy’s overhead is 8% of the cost. During a back-to-school September sale, the remaining few laptops’ price was reduced to $344.95 per laptop. 

a) What was Future Buy’s cost (rounded to the nearest penny) for each laptop?

b) What was the regular selling price (rounded to the nearest penny)? 

c) What was the rate of markdown (% with 2 decimal places) for the sale?

d) What was (indicate) the profit or loss (rounded to the nearest penny) on each laptop at the sale price?

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