anyone wanna do my pre test i no how to do it just dont wanna help would be great? | The Gas Warehouse

anyone wanna do my pre test i no how to do it just dont wanna help would be great?

1. The catalog price of an item is $875. The trade-discount rate is 20 percent. What is the net price?
A. $700
B. $650
C. $720
D. $778

2. A discount from the catalog price is called the ______________ .
A. net price
B. trade discount
C. cash discount
D. list price

3. The catalog price of an item is $45. The trade-discount rate is 35 percent. What is the net price?
A. $32.89
B. $45.90
C. $29.25
D. $33.89

4. The catalog price of an item is $250.55. The trade-discount rate is 30 percent. What is the net price?
A. $180.56
B. $175.39
C. $210.75
D. $112.34

5. Kitchen cabinet knobs in the Designer Hardware catalog list for $3.00. The trade-discount rate is 20 percent. What is the net price?
A. $2.60
B. $1.98
C. $2.79
D. $2.40

6. The catalog price of PRP Technologies’s management software is $1,200. The trade-discount rate is 35 percent. What is the net price?
A. $569
B. $780
C. $304
D. $329

7. The catalog price of a desktop lamp is $130. The Lighting Etc. company offers a 20 percent trade-discount rate. What is the net price?
A. $411
B. $231
C. $104
D. $506

8. Thors Retail purchases the items shown from Thors Wholesalers. Find the net price for charcoal.

Item List Price Trade-
Discount Rate
Lighter Fluid $5.76 20%
Charcoal 5.40 25%
Peat Moss 8.90 10%

A. $3.01
B. $4.05
C. $5.12
D. $5.23

9. Claretta Romerez runs a glassware shop. She buys glasses from National Stemware and Accessories. The company grants a 40 percent trade-discount rate to all retail outlets. Use the complement method to determine how much Romerez pays for a case of 48 glasses that retails for $145.
A. $87
B. $65
C. $78
D. $45

10. Brianni Daniels runs Nancy’s Hardware. She buys hammers from Paul Manufacturing. Paul Manufacturing grants a 30 percent trade-discount rate to all retail outlets. Use the complement method to determine how much Daniels pays for a case of hammers that retails for $145.
A. $127.89
B. $521.00
C. $101.50
D. $201.78

11. Find the trade-discount rate for assorted push pins listed on the invoice for Office Central Supply.

Qty
Product Price per Unit Gross Amount Net Amount
10 Invisible Tape, 6/pk $10.19 $101.90 $ 81.52
15 Velcro Fastener Tape, 50/pk 8.15 122.25 100.05
20 Assorted Push Pins, 300/pk 2.50 50.00 45.25

A. 80.55%
B. 56.66%
C. 9.5%
D. 79.13%

12. Pierce Home Improvement receives a 35 percent trade-discount rate on ceiling fans from Home Outlet, Inc. What is the net price of 2 ceiling fans listed at $119.20 per fan?
A. $255.97
B. $154.96
C. $261.95
D. $174.96

13. Auto Tool Supply varies the rate of discount with the items purchased. Sam’s Car Service received the invoice shown below. What is the trade-discount rate for the utility pliers?

AUTO TOOL SUPPLY
Use Invoice Number on All Correspondence All Items Net Unless Otherwise Specified
Quantity
Shipped Ordered

Description Unit
Price Gross
Amount
Discount Net
Amount
5 5 2965 – Bolt Cutter $2.32 $11.60 $ 1.90 $ 9.70
10 10 2053 – Bar Clamps 1.53 15.30 5.57 9.73
12 12 2310 – Utility Pliers 3.23 38.76 11.25 27.51

A. 45.14%
B. 71.68%
C. 43.22%
D. 29.02%

14. Trend Beauty Supply Warehouse offers discounts on most items it sells. What is the trade-discount rate for K-8 Nail Polish?

Trend Beauty Shop Warehouse
Item List Net
K-8 Nail Polish $15.99 $11.50
ShampooEase 8.99 6.58
Round Brushes 6.30 4.98

A. 18.98%
B. 28.08%
C. 29.18%
D. 38.08%

15. The list price is $490. The chain discount is 20 percent less 10 percent. What is the net price rate?
A. 72%
B. 64%
C. 26%
D. 68%

16. The list price is $350. The chain discount is 30 percent less 15 percent. What is the net price?
A. $305.22
B. $208.25
C. $405.99
D. $108.65

17. The list price of a gas grill is $150. Back Yard Grillers is offering a chain discount of 30 percent less 10 percent. What are the two complements of 30 percent and 10 percent?
A. 70%; 90%
B. 30%; 10%
C. 90%; 70%
D. 30%; 10%

18. The list price of a file cabinet is $250. The office supply store is offering a chain discount of 30 percent less 20 percent. What is the single equivalent discount (SED)?
A. 33%
B. 29%
C. 44%
D. 55%

19. The list price of a coffee pot is $160. K&B Designs is offering a chain discount of 40 percent less 30 percent. What is the discount?
A. $46.65
B. $75.85
C. $65.11
D. $92.80

20. Stone Technologies offers trade discounts and additional discounts to encourage large orders. What is the net price of item number 34N2 if the invoice total is over $500?

Item Number List Price Trade Discount Additional Discounts
34N2 $125.15 30% 25% (if invoice total is over $500)
65M2 95.50 20% 20% (if invoice total is over $2,000

1A
2B
3C
4B
5D
6B
7C
8B
9A
10C
11C
12B
13D
14B
15A
16B
17A
18C
19D
2075

Duhhhh!!! Wasted so much time on it. I better be correct. :P

Posted in Utility Warehouse | 2 Comments »

2 Responses

  1. Rahim Says:
    February 5th, 2010 at 12:15 pm

    I will let you know tomorrow…
    References :

  2. Newbie Says:
    February 5th, 2010 at 12:47 pm

    1A
    2B
    3C
    4B
    5D
    6B
    7C
    8B
    9A
    10C
    11C
    12B
    13D
    14B
    15A
    16B
    17A
    18C
    19D
    2075

    Duhhhh!!! Wasted so much time on it. I better be correct. :P
    References :