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 3 years ago
A Model NV 300 acoustic electric guitar I being sold for a list price of 1,899.90 with a cash discount of 3/10, n/30. Sales tax is 7% and shipping is $30.40. How much is the final price if the cash discount period was met?
 3 years ago
A Model NV 300 acoustic electric guitar I being sold for a list price of 1,899.90 with a cash discount of 3/10, n/30. Sales tax is 7% and shipping is $30.40. How much is the final price if the cash discount period was met?

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Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0I can help you if you tell me what 3/10, n/30 means.

19015723320
 3 years ago
Best ResponseYou've already chosen the best response.0Im not sure the problem came that way.

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0Ah  let's assume it means a 30% discount. You need to be careful about what the percentages apply to. you start with the base amount of 1899.9 then do the discount which I'm guessing is 30%. so 1899.9 *(10.3) or 1899.9*0.7 Then you add sales tax. so 1899.9*(10.3) *(1+0.07) Then add shipping (assuming it is not taxed) so 1899.9*(10.3) *(1+0.07) + 30.40

19015723320
 3 years ago
Best ResponseYou've already chosen the best response.0Then you add sales tax. so 1899.9*(10.3) *(1+0.07) Then add shipping (assuming it is not taxed) so 1899.9*(10.3) *(1+0.07) + 30.40one second ago •Report Abuse 5 19015723320 0 sorry you lost me one second ago •Report Abuse Delete 3 Rogonic 0 Good Answer Where one second ago •Report Abuse Type your reply ΣEquationDraw Attach File

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0Adding sales tax is the problem?

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0When you add a percentage amount, you also have the original amount. So if you had something costing 200 then added 7% sales tax it will be the original 200 plus 7% of 200. a quick way to write that is 200 times (1 + 7%) or 200 * 1.07.

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0To increase by a percentage you multiply by 1 + the percentage. To decrease by a percentage you multiply by 1 minus the percentage.

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0Is that what the problem was?

Rogonic
 3 years ago
Best ResponseYou've already chosen the best response.0Great. Please give me a medal. ;)

mjzolt
 2 years ago
Best ResponseYou've already chosen the best response.1This is all wrong, no no no!. The 3/10, n/10 means 3 cents on the dollar and the seller will give buyers a 3% cash discount if the buyer pays within 10 days. However, it the buyer does not pay within 10 days (n/10~ net/10) the full amount is due in 30 days. She does NOT get a MEDAL!
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