QRB 501 Week 1 Quiz (New)
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QRB 501 Week 1 Quiz (New)

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  • QRB 501 Lt Week 1 Quiz Guide.xlsx
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This Tutorial contains an Excel file which can be used to solve for any change in values Q-1 A man gets an invoice for $430 with terms 2/10, 1//15, n/30 how much would he pay 22 days after the invoice date Q -2 Cost=$36; selling price =$40. Find the rate of markup based on the selling price. Q-3 Solve for the unknown in the equation. 4B +3B -5 =23 Q-4 A DVD costs $5 and sells for $13. Find the amount of markup. Q-5 Solve for the unknown in the equation. C/5 – 2 = 6 Q-6 Solve the equation. 6x−12 = 24 Q-7 One manufacturer needs to calculate the net price of an order with a list price of $800 and a trade discount series of 10/9/5. Use the net decimal equivalent to find the net price. Q-8 A man received an invoice for a leaf blower for $493 dated April 17 with sales terms of 22/10 EOM. How much should he pay if he pays the bill on April 28? Q-9 One manufacturer currently receives a trade discount series of 5/20/20 on merchandise purchased from a furniture company. He is negotiating with another furniture manufacturer to purchase similar furniture of the same quality. The first company lists a dining room table and six chairs for $1,813. The other company lists a similar set for $1,808 and a trade discount series of 5/5/20. Which deal is better? Q-10 A wallet is marked up $10, which is a 40% markup based on cost. What is the cost of the wallet?

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