## 1. An item is originally priced to sell for \$75 and is marked down 25%. A custom

1. An item is originally priced to sell for \$75 and is marked down 25%. A customer has a coupon for an additional 5%. What is the total percent reduction ? The total percent reduction is ____%2. Pauls Grocery received 1000 pounds of onions at \$0.12 per pound. On the average 4% of the onions will spoil before selling. Find the selling price per pound to obtain a markup rate of 180% based on cost. The selling price per pound is \$____1000*.12 = 120 cost Mark up = 120*1.8 = 2163. A director of accounts received a bill for \$644 dated April 5 with sales terms 2/10 1/15 n/30. A 3% penalty is charged for payment after 30 days. If the director of accounts pays on or after May 6 how much must he pay? The total bill is \$___4.An invoice for \$300 is dated October 4 and has sales terms of 5/10 ROG. The merchandise arrives October 20. How much is due if the bill is paid October 27? The net amount due is ____

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