A community for students.
Here's the question you clicked on:
 0 viewing
19015723320
 4 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?
19015723320
 4 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?

This Question is Closed

Rogonic
 4 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
 4 years ago
Best ResponseYou've already chosen the best response.0Im not sure the problem came that way.

Rogonic
 4 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
 4 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
 4 years ago
Best ResponseYou've already chosen the best response.0Adding sales tax is the problem?

Rogonic
 4 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
 4 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
 4 years ago
Best ResponseYou've already chosen the best response.0Is that what the problem was?

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

mjzolt
 3 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!
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.