Penny Holcomb purchased pen and pencil gift sets to give to her employees for th
ID: 2777656 • Letter: P
Question
Penny Holcomb purchased pen and pencil gift sets to give to her employees for the holidays. The total bill was $103.92, which included the sales tax of 6.5%. How much was the actual selling price? What was the amount of the sales tax? Determine the credit given, for partial payment, balance due, and cash discount for the following invoice: Find the net amount due on the following invoice. It is paid by the discount date. Trisha purchased 3 blouses at $32.50 each, 2 packages of 6 pairs of socks costing $7.50 pet package, and 4 pair of hosiery costing $2.19 each. Sales tax was 6.5%. How much sales tax did Trisha pay? What was Trisha's total invoice including tax? Find the simple interest and maturity value. Calculate the ordinary simple interest and the exact simple interest on these loans.Explanation / Answer
Answer -1
Invoice amount 3688
Returned Goods 1175
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Invoice amount 2513
After returned goods ------------------
Discount as per term & condition 2/10, n/30 = 2513*2% = 50.26
Net Amount due = 2513.00-50.26 = 2462.74
Answer - 2
Invoice amount with shipping charges 455.20
Shipping charges 19.50
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Actual invoice amount 435.70
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Discount as per term & condition 2/10, n/30 = 435.70*2% = 8.71
Net Invoice amount due after discount = 455.20 - 8.71 = 446.49
alternatively = 435.70-8.71+19.50 = 446.49
Answer-3
4 can amount with sales tax = 19.96
Sales tax rate = 6.2%
Actual selling price ?
Sales tax ?
Sales tax amount = 19.96*6.2/106.2 = 1.17 (invoice value * sales tax rate/100+sales tax rate)
Sales tax = 1.17
Actual selling Price = invoice value -sales tax = 19.96-1.17 = 18.79
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