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    Business Math Problem Solving

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    Ross Christian Corpuz Manuel
    This document contains a business math worksheet with problems involving calculating amounts due on invoices with different payment terms. It includes 3 practice invoice problems asking students to calculate the payment amount based on the net price, payment terms, invoice date, and date paid. It also includes 3 word problems involving calculating last dates for cash discounts, amounts due on invoices paid before the net due date, and applying trade discounts to invoices paid in full.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Math Problem Solving

    Uploaded by

    Ross Christian Corpuz Manuel
    371 views1 page
    This document contains a business math worksheet with problems involving calculating amounts due on invoices with different payment terms. It includes 3 practice invoice problems asking students to calculate the payment amount based on the net price, payment terms, invoice date, and date paid. It also includes 3 word problems involving calculating last dates for cash discounts, amounts due on invoices paid before the net due date, and applying trade discounts to invoices paid in full.

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    Business Math Problem Solving

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    This document contains a business math worksheet with problems involving calculating amounts due on invoices with different payment terms. It includes 3 practice invoice problems asking students to calculate the payment amount based on the net price, payment terms, invoice date, and date paid. It also includes 3 word problems involving calculating last dates for cash discounts, amounts due on invoices paid before the net due date, and applying trade discounts to invoices paid in full.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    371 views1 page

    Business Math Problem Solving

    Uploaded by

    Ross Christian Corpuz Manuel
    This document contains a business math worksheet with problems involving calculating amounts due on invoices with different payment terms. It includes 3 practice invoice problems asking students to calculate the payment amount based on the net price, payment terms, invoice date, and date paid. It also includes 3 word problems involving calculating last dates for cash discounts, amounts due on invoices paid before the net due date, and applying trade discounts to invoices paid in full.

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    BUSINESS MATH

    Name: ___________________ Date: _______________ BUSINESS MATH


    Grade and Section: _________ Name: ___________________ Date: _______________
    Solving Grade and Section: _________
    Directions: Find the amount to be paid on each of the following invoices. Solving
    Directions: Find the amount to be paid on each of the following invoices.
    1. Net Price: Php 4, 550
    Terms: 2/10, n/30 1. Net Price: Php 4, 550
    Date of Invoice: January 5 Terms: 2/10, n/30
    Date paid: January 8 Date of Invoice: January 5
    ________________ Date paid: January 8
    ________________
    2. Net Price: Php 92, 600
    Terms: 4/10, n/30 2. Net Price: Php 92, 600
    Date of Invoice: March 16 Terms: 4/10, n/30
    Date paid: March 24 Date of Invoice: March 16
    ________________ Date paid: March 24
    ________________
    3. Net Price: Php 16, 080
    Terms: 4/10, 1/30, n/10 3. Net Price: Php 16, 080
    Date of Invoice: May 16 Terms: 4/10, 1/30, n/10
    Date paid: June 20 Date of Invoice: May 16
    ________________ Date paid: June 20
    ________________
    Problem Solving
    Directions: Solve the following problems. Problem Solving
    Directions: Solve the following problems.
    1. Cafranca Garments received an invoice dated May 13 with terms 2/10, n/30. The amount stated on the invoice
    was Php 24, 990. 1. Cafranca Garments received an invoice dated May 13 with terms 2/10, n/30. The amount stated on the invoice
    a. What is the last day for availing the cash discount? was Php 24, 990.
    ______________ a. What is the last day for availing the cash discount?
    b. What is the amount due if the invoice is paid on the last day for availing discount? ______________
    ______________ b. What is the amount due if the invoice is paid on the last day for availing discount?
    2. Manuel Appliances Center received an invoice dated August 12 with terms 3/10, E.O.M. for the items listed below: ______________
    5 refrigerators at Php 9800, each less 25% and 5%; 2. Manuel Appliances Center received an invoice dated August 12 with terms 3/10, E.O.M. for the items listed below:
    4 washing machines at Php 6, 960, each less 6%, 12% and 4% 5 refrigerators at Php 9800, each less 25% and 5%;
    4 washing machines at Php 6, 960, each less 6%, 12% and 4%
    a. What is the last day for availing cash discount?
    _____________ a. What is the last day for availing cash discount?
    b. What is the amount due if the invoice is paid on the last day for availing cash discount? _____________
    _____________ b. What is the amount due if the invoice is paid on the last day for availing cash discount?
    3. Lombard Tennis Ltd. received an invoice dated April 15 from Wimbledon Importers with terms 5/15, n/60 R.O.G _____________
    for: 50 Tennis rackets at Php 6,900 each; 500 Tennis Balls at Php 560 each and 130 wristbands for Php 1,100 each. 3. Lombard Tennis Ltd. received an invoice dated April 15 from Wimbledon Importers with terms 5/15, n/60 R.O.G
    All items are subject to trade discount of 30% regardless of the payment method. for: 50 Tennis rackets at Php 6,900 each; 500 Tennis Balls at Php 560 each and 130 wristbands for Php 1,100 each.
    a. If the shipment was received on May 24, what is the last day for payment to get a discount? All items are subject to trade discount of 30% regardless of the payment method.
    _____________ a. If the shipment was received on May 24, what is the last day for payment to get a discount?
    b. What is the amount due if the invoice was paid in full on June 05? _____________
    _____________ b. What is the amount due if the invoice was paid in full on June 05?
    _____________

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