I get an employee discount on a new car. What does 1% over invoice mean?

I’m planning on getting a new car (Mazda6) in the next few months and I get an employee discount at the local Mazda dealer for 1% over invoice. I’ve never thought about it, but what does that mean? My natural assumption is that the price would be 1% more than the manufacturing price of the [...]

Posted on April 22, 2010 at 1:19 pm by admin · Permalink · 4 Comments
In: Coupon Q&A · Tagged with: , , , , , ,

What is the amount of the discount of merchandise on credit and when does it expire?

Apple Co. sells merchandise on credit to Zea Co in the amount of ,000. The invoice must be dated on September 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the [...]

Posted on March 13, 2010 at 10:52 am by admin · Permalink · One Comment
In: Coupon Q&A · Tagged with: , ,