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Question 1155253: Baker’s Financial Planners purchased ten new computers for $880 each. It received a 20% discount because it purchased more than five and an additional 6% discount because it took immediate delivery. Terms of payment were 2/10, n/30. Baker’s pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.)
Answer by mananth(16946)   (Show Source):
You can put this solution on YOUR website! Baker’s Financial Planners purchased ten new computers for $880 each. It received a 20% discount because it purchased more than five and an additional 6% discount because it took immediate delivery. Terms of payment were 2/10, n/30. Baker’s pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.)
ten new computers for $880 each.
Total bill:
$880*10=$8,800
received a 20% discount
First discounted pric
$8800-20%of 8800(discount)=$7040
additional 6% discount because it took immediate delivery
Additional discounted price:
$7040-6%*of 7040 =$ 6617.6
Paid within the cash discount period, so they get an additional 2% discount therefore the invoice will be:
$6617.60-2% of 6616.60 = $6485.25 ~ $6485
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