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Ryobi Limited sold a set a saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. What is the net price of the saws?
Ryobi Limited sold a set of saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. The net price of the saws is $3357.21 Net price = $3,800 * 0.92 = $3496 $3496 * 0.97 = $3391.12 ; $3391.12 * 0.99 = $3357.21
Question|Asked by htyreisha1
Asked 1/25/2018 4:32:48 PM
Updated 2/18/2021 12:58:20 PM
1 Answer/Comment
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Ryobi Limited sold a set of saws to Ace Hardware. The list price was $3,800. Ryobi offered a chain discount of 8/3/1. The net price of the saws is $3357.21

Net price = $3,800 * 0.92 = $3496
$3496 * 0.97 = $3391.12 ; $3391.12 * 0.99 = $3357.21
Added 2/18/2021 12:58:20 PM
This answer has been confirmed as correct and helpful.
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Questions asked by htyreisha1
Marvine Gate bought some fencing from a wholesaler for $6,000. The wholesaler offered a trade discount of 35%. What was the original price? (Round to the nearest cent.)
Question|Asked by htyreisha1
Not Answered
Updated 2/18/2021 1:07:28 PM
1 Answer/Comment
Marvin Gate bought some fencing from a wholesaler for $6,000. The wholesaler offered a trade discount of 35%. The original price was: $9.230.77.

SOLUTION:
100 - 35 = 65%
65/100 * 6000/x
65x = 600000
x = 9.230.77
Added 2/18/2021 1:07:28 PM
This answer has been confirmed as correct and helpful.
Bette purchased a $10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Question|Asked by htyreisha1
Not Answered
Updated 2/18/2021 1:06:40 PM
1 Answer/Comment
Bette purchased a $10,000, 13-week Treasury bill that's paying 2.25%. The effective rate on this T-bill is 2.26%.


SOLUTION:
$10,000 × .0225 × 13/52 = $56.25
$9943.75 × 13/52 = $2,485.94; $56.25/$2,485.94 = 2.26%.
Added 2/18/2021 1:06:40 PM
This answer has been confirmed as correct and helpful.
Bette purchased a $10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Question|Asked by htyreisha1
Not Answered
Updated 2/14/2022 7:17:17 AM
1 Answer/Comment
Bette purchased a $10,000, 13-week Treasury bill that's paying 2.25%. [ The effective rate on this T-bill is 2.26%. Solution: $10,000 × .0225 × 13/52 = $56.25; $9943.75 × 13/52 = $2,485.94; $56.25/$2,485.94 = 2.26%. ]

Added 2/14/2022 7:17:17 AM
This answer has been confirmed as correct and helpful.
Marvine Gate bought some fencing from a wholesaler for $6,000. The wholesaler offered a trade discount of 35%. What was the original price? (Round to the nearest cent.)
Question|Asked by htyreisha1
Not Answered
Updated 2/14/2022 7:17:48 AM
1 Answer/Comment
Marvin Gate bought some fencing from a wholesaler for $6,000. The wholesaler offered a trade discount of 35%. The original price was: $9.230.77.

SOLUTION:
100 - 35 = 65%
65/100 * 6000/x
65x = 600000
x = 9.230.77
Added 2/14/2022 7:17:48 AM
This answer has been confirmed as correct and helpful.
Bette purchased a $10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Question|Asked by htyreisha1
Not Answered
Updated 1/13/2022 9:53:48 AM
1 Answer/Comment
Bette purchased a $10,000, 13-week Treasury bill that's paying 2.25%. [ The effective rate on this T-bill is 2.26%. Solution: $10,000 × .0225 × 13/52 = $56.25; $9943.75 × 13/52 = $2,485.94; $56.25/$2,485.94 = 2.26%. ]
Added 1/13/2022 9:53:48 AM
This answer has been confirmed as correct and helpful.
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