Proving Cash
Gretchen works at the market and starts each day with $100 in her drawer. At the end of her shift, her register showed that she should have received $4,672.98 and paid out $68.42. When she counted the cash in her drawer, she found $4,702.56. Prove cash.
$2 short
Moore Distributing sold the following items on Invoice 35-272 dated June 21, 2024 to Mill Home Outlet: 70 air compressors at $25.90 each, 120 spotlights at $18.12 each, 65 wood frames at $8.41 each, and 90 drills at $41.65 each. What is the total price of the invoice?
$8,282.55
The credit terms are 5/10, 3/30, n/60 and the invoice date is May 20. What date do they need to pay by to receive the 5% discount?
May 30
You own an electronics company and want to sell alarm clocks at a price line of $11.98. You prefer to get a markup of 45%. How much will you pay for the alarm clock?
$6.59
A bookstore sold 4,670 cookbooks during last year's holiday season and continue to sell 20% more each holiday. How many do they expect to sell next year?
$5,604 books
You are a cashier at Segans Diner. You start work with $100 change fund. At the end of your shift, the register shows you received $2,473.42 and paid out $25.03. Cash in the drawer was $2,546.59. Prove Cash.
$1.80 Short
15 Frames were damaged because of improper packing. Frames were $8.41 each. They also returned 5 air compressors as they were sent the wrong model. Air Compressors were $25.90. What is the total of the credit memo?
$255.65
Hansen Manufacturing sells a lawn edger to Jackie's Hardware for $140 less a 35% trade discount. What is the discount given on the edger?
$49 discount
Early shoppers who come to the store before 8am receive a 15% markdown on all clothing. For a jacket marked at $59, what discount will the early shopper get?
$8.85 discount
Four landscaping companies in a city had total sales of $1,040,000 last year. One of the companies had $312,000 of those sales. What was their market share?
30%
You are a cashier at Ying's Creations. You began work with $75 in your drawer. At the end of your morning shift, the register showed you received $973.22 and paid out $18.20. The drawer had $1,028.98. Prove Cash.
$1.04 short
Home Products Co. sold 45 lights at $9.31 each and 60 pillows at $7.89 each on Invoice #1604. 2 lights and 1 pillow were defective and returned. What was their customer's balance after the credit memo?
$865.84
An oriental rug lists with discounts of 40%, 15% and 5%. What is the single discount equivalent?
51.5%
A retailer paid $18.10 for a fishing reel that is to be sold for $32.58. What is the rate of markup?
80% markup
A uniform company is estimated to have a 21% share of the $850,000 commercial uniform market in a county. What is their market share in dollars?
$178,500
You are a cashier at Tell's Card Shop. You started your shift with $80. Your register showed you received $535.85 and paid out $8.15. The money in the drawer included 31 pennies, 23 nickels, 48 dimes, 60 quarters, 32 one-dollar bills, 8 five-dollar bills, 18 ten-dollar bills, 15 twenty-dollar bills and $35.78 in checks. Prove Cash.
$1.34 Over
The Stone Depot sold 30 sq ft of pebble stone at $6.26 per sq ft. and 55 sq ft of gravel at $3.40 per sq ft. The customer realized they only needed 45 sq ft of gravel after the purchase. What was their customer's balance after the credit memo?
$340.80
A Manufacturer offers to sell large retailers a ready-to-assemble bookcase for $37.20. The original list price was $62. What rate of trade discount is given on the bookcase?
40% discount
A retailer wants a markup of 70% of the selling price of a stainless steel thermos that costs $4.80. What is the selling price?
$16 selling price
Water Experts estimates it installs 23% of the 3,200 lawn-watering systems installed each year in its market area. What is their market share in systems each year?
736 systems
You are a cashier at Nathan's Photo. The register had a change fund of $125. At the end of the day, the register totals were $1,665.06 received and $38.17 paid out. The money in the drawer included 121 pennies, 127 nickels, 153 dimes, 85 quarters, 61 dollars, 16 five-dollar bills, 12 ten-dollar bills, 72 twenty dollar bills, and $8.53 in checks. Prove Cash.
$1.75 Over
Define the term: 3/10 EOM
3% discount within 10 days after End Of Month
Bascombs Furnishings buys a mirror listed at $236 less discount of 20%, 10%, and 5%. What is the invoice price of the mirror?
$161.42
The cost of a bag of rice is $1.10. If the store owner wants to sell with a 24% markup, what will be their selling price?
$1.45 selling price
Gayles's photography company has a contract to photograph seniors at 16 out of the local 87 high schools. There are 230 seniors at each of the high schools. What is Gayle's market share?
18%