BUSI 1003 Lecture Notes - Lecture 4: List Price, Sept, Microwave Oven
11 Jun 2017
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4, let the list price be l and the net price be represented by n and discount as d. 16a, let the list price be l and the net price be represented by n and discount as d listed price of the cell phone=. Net price of the mobile phone is . 06. 16c, exact single rate of discount allowed=1-(1-d1) (1-d2) (1-d2. July 1st is the last day for taking the discount. Jan 22 to jan 31 = 11 days qualifies for 3/15 terms. =. 64 if the invoice is paid on january 31st. Jan 22 to february 20 = 29 days 1/30 discount applied. =. 88 if the invoice is paid on february 20th. Jan 22 to march 22 = 60 days. There is no discount because the terms are n/60 so full amount of has to be paid. 12, invoice date aug 11, 5/10 2/30 n/90: august 11 august 20 =10 days qualifies for 5/10.
