Question

Baker’s Financial Planners purchased seven new computers for $930 each. It received a 10% discount because it purchased more than six and an additional 7% discount because it took immediate delivery. Terms of payment were 1/10, n/30. Baker’s pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Answer is "Amount"

Answer 1

Given,

Computers purchased = 7

Rate per computer = $ 930

Quantity discount rate = 10%

Additional discount rate = 7%

Cash discount rate = 1%

Solution :-