Question

Bakers financial planners purchased ten new computers for $920 each. It received a 20% discount because it purchased more than six and an additional 7% discount because it took immediate delivery. Terms of payment were 3/10, n/30. Bakers pays the bill when the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Answer 1

Okay, we heve this:

Total Bill: $920*10=$9200

The proce after the first dicount is: $9200*80%=$7360

After this he received an additional 7% discount, so: $7360*93%=$6844.8

They pay within the cash discount period, so they get an additional 3% discount (3/10): $6844.8*97%=$6639.46.

The che