{"id":1250,"date":"2021-05-17T17:16:01","date_gmt":"2021-05-17T21:16:01","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/?post_type=chapter&p=1250"},"modified":"2025-01-15T17:01:08","modified_gmt":"2025-01-15T22:01:08","slug":"videos-trade-and-cash-discounts","status":"web-only","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/chapter\/videos-trade-and-cash-discounts\/","title":{"raw":"Videos: Trade and Cash Discounts","rendered":"Videos: Trade and Cash Discounts"},"content":{"raw":"[embed]https:\/\/youtu.be\/pn5PZFHJYqs[\/embed]\r\n
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  1. A company makes snowboards that retail at $1250.\u00a0 The company offers chained discounts of 30% and 5% to its retailers.\r\n
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    1. Calculate the price a retailer would pay for the snowboards.<\/li>\r\n \t
    2. What single discount (single equivalent discount) is equivalent to these two discounts?<\/li>\r\n \t
    3. What is the percent markup of the retailers?<\/li>\r\n \t
    4. Due to a slowdown in sales the manufacturer would like to increase the total discount given to its retailers to 40%.\u00a0 What additional chained discount must they offer?<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n[embed]https:\/\/youtu.be\/6B3sBfQLRSE[\/embed]\r\n
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        1. On November 3, the Springfield power plant receives 10 fuel rods. The rods have a list price of $20,000 each with discounts of 5% and 10% and payment terms of 2\/10, 1\/15 net 30.\r\n
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          1. What is the last day the invoice can be paid?\u00a0 How much must be paid?<\/li>\r\n \t
          2. What is the last day the 2% discount may be taken?\u00a0 How much must be paid?<\/li>\r\n \t
          3. If the supplier offers cash discounts on partial payments and $100,000 is paid after 5 days and another $50,000 15 days after the invoice date.\u00a0 How much will Springfield owe at the end of 30 days?<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n[embed]https:\/\/youtu.be\/WH85VSG_t8A[\/embed]\r\n\r\n[embed]https:\/\/youtu.be\/xYpw4moYVqU[\/embed]\r\n
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              1. An invoice for $10,000 has payment terms 3\/10, 2\/20, n\/45. Discounts are allowed for partial payments. The company made a payment of $3,000 9 days after the date of invoice, and a second payment 18 days after the date of the invoice that reduced the balance owing to $2,000. What is size of the second payment?<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n \r\n\r\n[embed]https:\/\/youtu.be\/S5k-umsScvc[\/embed]","rendered":"