Find the Cost of a $3,000 Refrigerator That Is on Sale

question 2

Multiple Choice

Find the cost of a $3,000 refrigerator that is on sale for 40% off.

• A) $1,800
• B) $7,500
• C) $2,960
• D) $4,200
• E) none of these

Understand and calculate the outstanding balance after partial payments.

Calculate the amount of discount applied to transactions.

Determine the cash discount expiry date based on payment terms.

Calculate payment amounts to meet specific outstanding balance goals.

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Definitions:

Address Block

The part of a letter that indicates to whom the letter is addressed. The address block is placed in the upper left-hand portion of the letter, above the salutation and reference line, if one is included.

Firm's Letterhead

The official stationary of a company or organization that contains its name, address, logo, and sometimes its directors, used for formal correspondence.

Phone Number

A sequence of digits assigned to a telephone line for the purposes of making and receiving calls.

Letterhead

A printed heading on stationery, typically including a name and an address, used by a person or organization for professional correspondence.