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5.    The net price of an article is $125.46. What is the list price if a...

5.    The net price of an article is $125.46. What is the list price if a discount of 38% was allowed?

a. $200.90      b. $204.13        c. $90.91        d. $202.35       e. None of these

6.       A 24% trade discount is equal to $365. What is the list price (rounded to the nearest dollar)?

a. $453        b. $1,156          c. $993             d. $1,799          e. $1,521

7.       An invoice for $5,000 dated July 25, terms 5/10, net 30 is paid on August 4. What amount must be paid to reduce the debt to $1,000?

a. $1,000     b. $3,800          c. $4,995          d. $4,998          e. $5,000

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