# Greg need help with assignment

• Jan 1st 2009, 01:39 PM
Kenny7
Greg need help with assignment
(Hi) Hi! My name is Greg and I really need some help on this assignment
1.
Determine the extension amount of the following order:
Product X: 10 units @ \$2.35 each
Product Y: 12 boxes @ \$6.15 per box
Product Z: 3 dozen @ \$12.20 per dozen
here is my answer:
Product X= \$23.50
Product Y= \$73.80
Product Z= \$36.60

2. A trader buys 3 dozen units of product X for a total of \$158.40. What is the unit cost?
Unit cost= 3 x 12= 36
\$158.40/36= \$4.40

3. A trader can purchase a good at \$7.20 per unit, or they can buy 5 for \$33.00. What is the total amount saved by buying in bulk? I don't understand this question

4. A merchant pays \$4,320 for a shipment of goods after receiving a 10% trade discount. What is the list price for the shipment?
trade discount amt = \$4,320/.10= \$43,200

5. A wholesaler lists a refrigerator model at a price of \$850 and offers a chain discount of 20% and 10%. What is the net price?

Net Price
100%-(20 +10)=100-30=70
850 x .70= \$595

• Jan 1st 2009, 01:57 PM
Last_Singularity
Quote:

Originally Posted by Kenny7
(Hi) Hi! My name is Greg and I really need some help on this assignment
1.
Determine the extension amount of the following order:
Product X: 10 units @ \$2.35 each
Product Y: 12 boxes @ \$6.15 per box
Product Z: 3 dozen @ \$12.20 per dozen
here is my answer:
Product X= \$23.50
Product Y= \$73.80
Product Z= \$36.60

2. A trader buys 3 dozen units of product X for a total of \$158.40. What is the unit cost?
Unit cost= 3 x 12= 36
\$158.40/36= \$4.40

3. A trader can purchase a good at \$7.20 per unit, or they can buy 5 for \$33.00. What is the total amount saved by buying in bulk? I don't understand this question

4. A merchant pays \$4,320 for a shipment of goods after receiving a 10% trade discount. What is the list price for the shipment?
trade discount amt = \$4,320/.10= \$43,200

5. A wholesaler lists a refrigerator model at a price of \$850 and offers a chain discount of 20% and 10%. What is the net price?

Net Price
100%-(20 +10)=100-30=70
850 x .70= \$595

#3: It is asking you the difference in the price if you buy 5 with the bulk option or if you bought 5 individually. So option 1: if you buy 5 in-bulk, you need to pay \$33.00. Option 2: if you buy 5 individually at \$7.20, then you pay 5 x \$7.20. Find the difference between option 1 & 2.

#4: If the original price was $x$ and a 10% discount on $x$ gives you \$4,320, then your equation is $0.9x=4320$. Solve for $x$ by dividing both sides by 0.9.

#5: If you are are offered a chain discount on \$850, then you multiply that amount by 0.8 (20% discount) and 0.9 (10% discount) consecutively: $850(0.8)(0.9)$