The Camping Store buys sleeping bags for $54.10 less 12% for buying more than 50 sleeping bags. The store operates on a margin of 51% of the sale price and advertises that all merchandise is sold at a discount of 25% of the regular selling price. What is the regular selling price of the sleeping bags?
a. $129.55
b. $97.16
c. $53.92
d. $77.10
The regular selling price of merchandise sold in a store includes a margin of 62% based on selling price. During a sale, an item which cost the store $231.25 was marked down 47%. For how much was the item sold?
a. $322.53
b. $286.02
c. $210.76
d. $198.55
Mike's Suits and Accessories purchased men's shoes for $97.00 less 25.6%. The store operates at a normal gross profit of 25% of regular selling price. The owner marks all merchandise with new regular selling prices so that the store can offer a 20% discount. What is the new regular selling price?
a. $72.17
b. $120.29
c. $69.28
d. $121.83
AR Black, Ltd. has received an invoice for $500 subject to trade discounts 10%, 20%. A cash discount with terms 4/15 n/30 is offered. If AR Black pays the bill within the discount period, find the amount paid.
a. $360.00
b. $345.60
c. $480.25
d. $432.00