1. A wholesaler ordered 14 bolts of drapery fabric at $5.50 per yard. Each bolt had 60 yards. The order qualified for a quantity discount of 2%. The merchandise was shipped FOB factory; freight charges of $21.80 were prepaid. The invoice was dated March 18 with terms of 2/15, N/30. How much should be remitted if the invoice is paid on March 29?
2. A vendor who normally sells with a 3% cash discount is asked to sell with an 8% discount. What will be the loaded cost of merchandise normally selling for $968 when the invoice is loaded to allow the 8% discount?
3. Merchandise with a total price of $2,896 has discounts of 45% and 15% and is sold with a 3% cash discount. How much is saved when the discounts are taken?
4. Which is a better series of discounts for the RETAILER? A or B
A - 40%, 15% and 5%
B - 30%, 20% and 10%
5. Merchandise with a total billed cost of $876.48 arrived at the store October 6. Terms of the invoice, dated September 22, were 3/10 ROG, FOB store. Transportation charges were $9.82. If the invoice is paid on October 16, how much should be paid?