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27 January, 17:05

Baker's Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more than six and an additional 7% discount because it took immediate delivery. Terms of payment were 3/10, n/30. Baker's pays the bill within the cash discount period. How much should the check be?

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  1. 27 January, 18:22
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    Check: 5,269.04

    Explanation:

    We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

    7 computer x 970 dollars each = 6,790

    20% Discount for quantity:

    6,790 x 20% (1,358)

    Invoice nominal: 5,432

    discount within the first 10 days:

    5,432 x 3% (162.96)

    final amount: 5,269.04
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