A dealer buys tooling machines from a manufacturer and resells them to its customers. a. The manufacturer
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A dealer buys tooling machines from a manufacturer and resells them to its customers.
a. The manufacturer sets a list or catalogue price of $6,000 for a machine. The manufacturer offers its dealers a 40 percent trade discount.
b. The manufacturer sells the machine under terms of FOB shipping point. The cost of shipping is $350.
c. The manufacturer offers a sales discount of 2/10, n/30. The sales discount does not apply to shipping costs.
What is the net cost of the tooling machine to the dealer, assuming it is paid for within ten days of purchase? SE-2
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