United Fruits now offers volume discounts by the 10-kilogram (10-kilo) pack to small, as well as large,
Question:
Based on the progressive discounts of 10% more for increased-size orders, if CoopForAll buys the same amount as last year, the total cost with discounts will be: 2000 packs × $19.95[1 ˆ’ (3 × 0.10)] = 2000 × 13.97 = $27,940. This is less than $30,000, the cost for 2000 packs at the flat rate of $15.00 per pack.
Calculate the equivalent worth now of the annual costs for the 8 years of prior purchases at the flat rate of
(a) $15.00 per pack,
(b) the cost had they been purchased using the discount schedule. Let i = 8% per year. This is a future worth value now at the end of year 1.
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Step by Step Answer:
First determine the discount cost schedule Develop the annual cost series for the flat rate of 1500 ...View the full answer
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