By Burton S. Kaliski (Auth.)

ISBN-10: 012394760X

ISBN-13: 9780123947604

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Sample text

First, change the number to a fraction. 571 = Working with a fraction within a fraction is difficult. We can simplify our work by taking the denominator of the upper fraction—7—and multiplying both terms of the entire fraction by it. 57I 7 100 X 7 57ΐχ^ 7X 1 JKW 7_ 1 X 1 i°°-x^ X ^77 1 400 _100_ I 700 1 v X 1 Finally, reduce to lowest terms. 2 has been prepared. For example, let's assume that you want to find the decimal equivalent of ^ . 581, which is the answer. 2 does not contain all possible combinations, but it is usable for all fractions up to and including twelfths.

72. What net purchase price rate is equivalent to rates of 10-10-2J? 78975. What about 12J-10-10? 70875. SAMPLE PROBLEM 9 Find the net purchase price of a dishwasher listed at $600, sold with trade discounts of 20%, 15%, and 5%. 1. 646. 1 whenever possible, but learn the other methods as well because there will be times when a table is not available or it may not contain the exact rate or rates required. 1. Find the net purchase price of a bed listing for $180 and sold with a TEST trade discount of 35%.

SOLUTION (a) Since August 8 is within 10 days of the end of month, deduct 2%. 52 (b) August 20 is beyond the discount period. 27 Notice that we first determine if the buyer is eligible for discount. If so, calculate the discount. What should be done if a problem involves a trade discount as well as a cash discount? SAMPLE PROBLEM 1 1 A glass display case listed at $600 is sold with a trade discount of 20% and is paid in time for a cash discount of 3%. Find the net amount to be paid. 60 63 Buying The trade discount is always deducted first, for it is certain.

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Business Mathematics by Burton S. Kaliski (Auth.)

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