Mathematics
QRB501 Phoenix Wk 3 Mathematics of Buying and Selling Exercises

QRB501

University of Phoenix

Question Description

The purpose of the assignment is to provide students an opportunity to use Microsoft Excel® to practice the concepts of trade discounts, invoicing, markups, and markdowns.

Assignment Steps

Resources: Mathematics of Buying and Selling Exercises Excel® Template, Excel® 2016 Essential Training

Save the Mathematics of Buying and Selling Exercises Excel® Template to your computer.

Read the instructions on the first tab.

Complete the ten exercises located in the template.

Click the Assignment Files tab to submit your assignment.

Please ensure the formula is in the box to show work.

Unformatted Attachment Preview

Instructions: Week 3 Individual Assignment Total Number of Questions - 10 Total Points: 6 1. You have ten problems - one on each tab of this Excel file. 2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell. The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if appropria back and partial credit (if appropriate). Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup based on the cost. Find the cost, the selling price, and the rate of the selling price. Amount Cost + Markup = Sell Price % ch is a 58% markup Ronin Copies marks up signs that sell for $49. The markup is 80% based on the selling price. What is the cost and the amount of markup of a sign? Amount Cost + Markup = Sell Price % Lowe’s reduced a Maytag dishwasher 12.563%. If the dishwasher was priced at $398, find the amount of markdown and the reduced price. Amount Original SP ‒ Markdown = New Price % Fresh Food Market pays $0.25 per pound for 300 pounds of apples. On average, 5% of the apples will spoil before they sell. Find the selling price per pound needed to obtain a 180% markup on cost. Unit Price Quantity Cost =Unit Price*Quantity Amount % Cost + Markup = Sell Price Proportion to spoil Proportion to be sold Pounds expected to sell Selling Price per pound =1- Proportion to spoil =Proportion to be sold*Quantity =Selling Price/Pounds expected to sell Find the net price of the PC software SystemWorks that lists for $70 and has a discount rate of 12%. Use the system of complements. List Price Trade Discount % Net Price Rate Net Price =1-Trade Discount% =Net Price Rate*List Price Dylan Murphy currently receives a trade discount series of 5/10/10 on merchandise purchased from a furniture company. He is negotiating with another furniture manufacturer to purchase similar furniture of the same quality. The first company lists a dining room table and six chairs for $1,899. The other company lists a similar set for $1,800 and a trade discount series of 5/5/10. Which deal is better? 5/10/10 5/5/10 List Price 1st Trade Discount 2nd Trade Discount 3rd Trade Discount Net Decimal Equivalent (don't round) Net Price (using Net Decimal Equivalent) =(1 - 1st Trade Discount)*(1 - 2nd Trade Discount)*( =(List Price)*(Net Decimal Equivalent) Single Discount Equivalent (don't round) Trade Discount $ Net Price (using Trade Discount) =1 - Net Decimal Equivalent =(List Price)*(Single Discount Equivalent) =(List Price - Trade Discount $) nt)*(1 - 2nd Trade Discount)*(1 - 3rd Trade Discount) PlumbingStore.com buys one model of tankless water heater that has a list price of $395. The trade discount is 18%. What is the trade discount and net price of the heater? List Price Trade Discount % Net Price Rate Net Price =1-Trade Discount% =Net Price Rate*List Price Federated Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days. Terms on Invoice Date on Invoice No. of days within which the Invoice was paid Date by which the Invoice was paid =Date on Invoice + B7 Cash Discount % Number of days to take advantage of 2% discount Final Date Invoice must be paid to get 2% discount Can Federated get a 2% discount? =Date on invoice + B11 Choose one Cash Discount % Number of days to take advantage of 1% discount Final Date Invoice must be paid to get 1% discount Can Federated get a 1% discount? =Date on invoice + B16 Choose one Price on Invoice Cash Discount Amount ($) Net Amount (Method 1 using Cash Discount) =(Cash Discount %)*(Invoice Price) =(Invoice Price) - (Cash Discount $) Net Amount (Method 2 using Complements) Complement Method =(1-Cash Discount%)*(Invoice Price) nvoice Price) h Discount $) (Invoice Price) Office Max purchased office furniture in the amount of $89,517 and was invoiced with terms of 2/10, n/30. Cash strapped at the time, Office Max decided to make a partial payment of $50,000 within 10 days. How much should be credited to its account? What is the outstanding balance? Terms Cash Discount % Invoice total Partial payment made before discount date Amount Credited Amount Still Due On Account =Partial Payment/(1 - Cash Discount%) =Invoice Total - Amount Credited Curves Fitness Center received an invoice for $3,097.15 that was dated September 8 with terms of 3/15 ROG. The goods being invoiced arrived on September 12. By what date must the invoice be paid to get the cash discount? How much should be paid? Invoice Date Date Goods are Received Terms # of Days we have to take advantage of the discount Final Date to take Discount Invoice Total Cash Discount % Cash Discount $ Total Paid =B8+B10 =(Cash Discount %)*(Invoice Total) =(1 - Cash Discount%)*(Invoice Total) nvoice Total) *(Invoice Total) ...
Purchase answer to see full attachment

Final Answer

Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work Good luck in your study and if you need any further help in your assignments, please let me know Can you please confirm if you have received the work? Once again, thanks for allowing me to help you R MESSAGE TO STUDYPOOL NO OUTLINE IS NEEDED Instructions – 100% completed Plagiarism check – 100% check – report attached Spell and Grammar check – 100% check using Grammarly

Instructions:
Week 3 Individual Assignment
Total Number of Questions - 10
Total Points: 6

1. You have ten problems - one on each tab of this Excel file.
2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell.
The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if appropria

back and partial credit (if appropriate).

Nordstrom plans to mark up a Brahmin Croc Embossed Laptop Case $130.50 over cost, which is a 58% markup
based on the cost. Find the cost, the selling price, and the rate of the selling price.

Cost
+ Markup
= Sell Price

Amount
$225.00
$130.50
$355.50

%
63.3%
36.7%
...

Robert__F (45014)
UC Berkeley

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
Just what I needed… fantastic!

Anonymous
Use Studypool every time I am stuck with an assignment I need guidance.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors