financial math: Quiz 1: Discounts and Markup| Questions With 100% Correct Answers | Verified

my score with these: - Find the sales price of the following item. A toaster originally costing $39.99, marked down $8.50. - 31.49 What is the original list price if the discount is $25 and the discount rate is 12%? - .12x = $25 x = $25/.12 = $208.33 You are offered an item for $22.85. If the seller states he normally sells the same item for $29.95, what percentage discount is he offering you? - 23.96 If the cost is $35.96 and the desired markup is 10%, what is the price after markup? - 39.56 You see a used car you wish to buy. The dealer quotes you a price of $8,595. You have a blue book quotation of $7,400 for the same model and year. How much markup on cost is the dealer using? - 16.15 Your bill from Acme Supply Company is marked "2/12, net 30." The amount of the bill is $89.95. If you pay the bill within 12 days, how much should you tender? - 88.15 Your business signs a ninety-day promissory note for $1,000 at 4% monthly interest. How much interest will you have to pay on a collect basis? - 120 Which industry had the greatest percentage increase in profits as a percentage of sales between 1970 and 1974? - chemicals 64%