14. $2340 to net $1521? 20. $265.50 to net $199.13? Reference 298. 45. At what price must the following goods be marked in order to allow the prescribed discount and still make the designated profit? 46. 1. I bought a bill of $546.30 at a trade discount of 20%, 10%, and 5% with an additional cash discount of 2%. I took advantage of the cash rate and then sold the goods at the original list price with a flat discount of 25%. How much did I gain? What per cent? 2. If I buy goods at a discount of 30% from the list price and sell at the list price, what per cent profit do I make? 3. Goods bought at $6 a gross at a discount of 20%, and sold at 75¢ a dozen yield what per cent profit? 4. Which is better and how much on a bill of $240, a discount of 20%, 10%, and 5%, or a discount of 35%? 5. By selling goods at $1.50 a yard I make 25% profit. What must I mark them in order to deduct 10% and still make the same profit? 6. Goods costing $345 are marked up 30% and are then sold at a discount of 20%. How much is gained and what is the gain per cent? 7. Goods are marked up 20%. What discount can the seller allow on this price and still net the cost? Make out bills for the following: 8. Use current date, your own locality. Adams and Baxter bought of the Boston Hardware Company, terms net 30 days, 2% 10 days: 2 dozen chisels at $3.20; 512 dozen 10-inch drawing knives at $5.50; 111⁄2 dozen ratchet screw drivers at $8.75, subject to a discount of 10%, 10%, and 5%; 12 steel shovels at 871⁄2¢; 9 spades at 70¢; 3 dozen garden rakes at $5; 4 dozen trowels at $1.35, subject to a discount of 20%, 10%, and 10%; 4 dozen cans prepared paint at $3.15; 480 feet of 3-inch garden hose at 10; 5 lawn mowers at $4.50, subject to a discount of 163%, 5%, and 5%; 8 dozen boxes of 4-inch bolts at $2.35. Make out bill showing the total due at the expiration of credit and the amount due on the cash terms. 9. Use current date, your own locality. Naumkeag Company bought of Childs Provision Company, terms 2% for cash and net 10 days: 150 barrels Baldwin apples at $5.50; 25 barrels greenings at $4.50; 45 bushels of beans at $4.75; 90 bushels of potatoes at $1.95, subject to a discount of 10% and 10%; 4 firkins of butter, 65 pounds each, at 50¢; 5 firkins creamery butter, 50 pounds each, at 48¢; 6 boxes Americar cheese, 50 pounds each, at 30¢; 4 boxes Young America cheese, 33 pounds each, at 36¢, subject to a discount of 10%, 5%, and 2%; 4 sacks of Rio coffee, 140 pounds each, at 48¢; 2 bags Java coffee, 215 pounds each, at 46; 2 barrels rice, 320 pounds each, at 16¢; 1 barrel New Orleans molasses, 45 gallons, at 35; 1 barrel Porto Rico molasses, 45 gallons, at 33¢, subject to a discount of 10%, 10%, and 5%. Make out bill showing the total due at the expiration of credit and the amount due on the cash terms. 10. Use current date, your own locality; seller, L. A. White, Wholesale Company; purchaser, Parker Clothing Company; terms, net 60 days, 2% 10 days: 45 girls' rain capes at $4; 75 girls' sweaters at $3.75; 125 children's rompers at $1.50; 75 boys' rubber coats at $4.25, subject to a discount of 15%, 10%, and 2%; 35 voile waists at $2.25; 40 organdie waists at $3.50; 70 pairs women's gloves at $1.60; 50 pairs of women's silk gloves at $1.25; 14 dozen women's handkerchiefs at $2; 12 dozen men's handkerchiefs at $2.25; 25 men's bath robes at $5; 75 men's shirts at $1.50; 120 white skirts at $3.24; 60 dress skirts at $5.75; 75 serge dresses at $14.50; 50 ladies' belts at 75¢, subject to a discount of 10%, 10%, and 10%. Make out bill showing the total due at the expiration of credit and the amount due on the cash terms. 11. Use current date; your own locality; you are the seller; your teacher the purchaser; terms, net 30 days, 2% off for cash : 3 #124 phonographs at $85; 2 #062 phonographs at $125; 4 #68a phonographs at $75; 1 #300 phonograph at $250; 2 doz. Operatic Records at $2 each; 2 doz. Standard Song Records at $1.25 each; 2 doz. Band and Orchestra Records at $1.50 each; 1 doz. Comic Monologue Records at 85¢ each; 1 doz. Records for Dancing at 85¢ each. |