# QRB 501 Week 3 Assignment, Mathematics of Buying and Selling Exercise

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QRB 501 Week 3 Individual Assignment, Mathematics of Buying and Selling Exercise

1. Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case \$130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price.
2. Ronin Copies marks up signs that sell for \$49. The markup is 80% based on the selling price. What is the cost and the amount of markup of a sign?
3. Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was …..at \$398, find the amount of markdown and the reduced price.
4. Fresh Food Market pays \$0.25 per pound for 300 pounds of apples. On average, 5% of the apples will spoil before they sell.
5. Find the selling price per pound needed to obtain a 180% markup on cost. Find the net price of the PC software SystemWorks that lists for \$70 and has a discount rate of 12%. Use the system of complements.
6. Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased from a furniture company. He is negotiating with another furniture manufacturer to purchase similar furniture of the same quality. The first company lists a dining room table and six chairs for \$1,899. The other company lists a similar set for \$1,800 and a trade discount series of 5/5/10. Which deal is better?
7. com buys one model of tankless water heater that has a list price of \$395. The trade discount is 18%. What is the trade discount and net price of the heater?
8. Federated Department Stores received an invoice dated April 18 that shows a billing for \$3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days.
9. Office Max purchase office furniture in the amount of \$89,517 and was ….with terms of 2/10, n/30. Cash strapped at the time, Office Max ….to make a partial payment of \$50,000 within 10 days. How much should be credit to its account? What is the outstanding balance?
10. Curves Fitness Center received an invoice for \$3,097.15 that was dated September 8 with terms of 3/15 ROG. The goods being invoiced arrived on September 12. By what date must the invoice be paid to get the cash discount? How much should be paid?

qrb 501 week 3