Find the lowest price you would have to pay in each of the following situations.
1. Radio $500, F.O.B. factory, less 30%, 10%, 5%; terms 2/10, freight $62
2. Office machine $1,200, F.O.B. factory; less 20%, 10%, 10%; terms "so, freight $75
3. A businessman in Philadelphia wants to buy electric heaters. His best sources are two firms in
Chicago. Let's call them Firm A and Firm B. Firm A lists a heater at $291 less 33%% and 10%
F.O.B. Chicago Firm B lists the same heater at $350, less 30% and 20%, F.O.B. destination.
In addition, both firms offer a 2% discount for cash within 10 days. The freight on each heater
would be $22.75. What will be the least cost of the heater from each concem?
Firma
Firm B
4. You've bought 20 calculators listed at $125 each less 15%, 10%, and 5%. The date of the
invoice was June 28, and you paid the bill on July 6. What amount did you pay if the terms
were %0,%?
5. A trailer is selling for $1,150 less 33%, 10%, and 4%. What is the invoice cost?