Question
A retailer purchases merchandise with a catalog list price of $30,000. The retailer receives a 15% trade discount and credit terms of 2/10, n/30. I-low
A retailer purchases merchandise with a catalog list price of $30,000. The retailer receives a 15% trade discount and credit terms of 2/10, n/30. I-low much cash will be needed to pay this invoice within the discount period?
a. $30,000
b. $24,900
c. $29,400
d. $24,990
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d 24990 Indication 210 n30 or 210 net 30 on an invoice represents a cash sales discount provided by ...
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
