2. Imagine you work as a sales associate in the electronics section of a department
store and a customer has just walked in looking for a new television. After showing
him a few different models and some accessories, you give the customer the price
list below to review. You inform the customer that you offer an installment plan:
balances paid in full within three months are given a 5% discount and balances paid
after six months will accrue an interest of 3% each month from then on. Discount or
interest is applied before taxes. There is also a state sales tax of 6% applied to all
orders. In addition, there is a nontaxable shipping and handling fee for each item
purchased: $5.00 fee on items priced less than $100.00 and $20.00 fee on items
priced more than $100.00.