# Question: 1 sk8 is examining an invoice the gross price of...

###### Question details

1) Sk8 is examining an invoice. The gross price of a
skateboard is $109.00, and the invoice states it received a trade
discount of 15% and quantity discount of 10% as well as a loyalty
discount. However, the amount of the loyalty discount is
unspecified.

a. If Sk8 paid $80.88 for the skateboard, what is the loyalty
discount percent?

b. If the loyalty discount is applied after all other
discounts, what amount of loyalty dollars does Sk8 save per
skateboard?

2) Daisy is trying to figure out how much negotiating room she
has in purchasing a new car. The car has an MSRP of $34,995.99. She
has learned from an industry insider that most car dealerships have
a 20% markup on selling price. What does she estimate the
dealership paid for the car?

3) A snowboard has a cost of $79.10, expenses of $22.85, and
profit of $18.00.

a. What is the regular unit selling price?

b. What is the markup amount?

c. What is the markup on cost percentage?

d. What is the markup on selling price percentage?

e. What is the break-even selling price? What is the markup on
cost percentage at this break-even price?