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
Updated 2/18/2021 12:58:20 PM
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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

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.)
Updated 2/18/2021 1:07:28 PM
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
Bette purchased a \$10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Updated 2/18/2021 1:06:40 PM
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%.
Bette purchased a \$10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Updated 2/14/2022 7:17:17 AM
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%. ]

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.)
Updated 2/14/2022 7:17:48 AM
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
Bette purchased a \$10,000 13-week Treasury bill that's paying 2.25%. What's the effective rate on the T-bill?
Updated 1/13/2022 9:53:48 AM
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%. ]
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