problem 1/ jose bought 300 shares toyota stock at $13.80 per share. He Paid a co

Question

problem 1/ jose bought 300 shares toyota stock at $13.80 per share. He Paid a commission of 4% of the purchase price. after one year he sold all the shares at $ 20.25 per share. Hee paid a commission of 4% on the sale Price. He received a dividend of $1.50 Per share. what is his Percent return on his investment?

Problem 2/ You have $1560 to invest in an acount in a bank for 4 years. Bank A is offering a rate of 6% per annum simple interest, bank B is offering a rate of 6% compounded annually, Bank C is offering a rate 6% compounded semi-annually and bank D if offering a rate of 6% compounded quarterly . Calculate and arrange the APY from each bank below from the best to the worst.

first ........ Second .......... Third ......... Fourth ...........

Problem 3/ Office .com received a $ 6000 invoice dated March 10. Terms were 2/10, 1/15, n/60. On March 14, office.com sent a $2,500 partial payment.

a/ what credit should office.com receive, rounded to the nearest cent on March 15?

b/ what is office.com's outstanding balance, rounded to the nearest cent?

Problem 4/phil's Furniture bought a lamp for $100. He needs 55 percent markup on selling Price.

a/ what is his sealling Price ?

b/ what is the dollar Markup ??

Problem 5/ Two companies charge the retailer $300 for a high definition TV. Company A offers a 12/8/2 chain Discount while company B offers 10/10/1 chain discount. which company offers the better deal?

Explanation / Answer

Furniture bought a lamp for $100. He needs 55 percent markup on selling Price.

a/ what is his sealling Price ?

b/ what is the dollar Markup ??

S    =     C   +    M

S    = $100 + .55(S)

s = $100/.45

S = $222.22

M    =      S    -    C

M    = $222.22- $100

M    = $122.22

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