17). Jasper Company is a wholesaler that buys merchandise in large quantities. Its supplier's catalog indicates a list price of $500 per unit on merchandise Jasper intends to purchase, and offers a 30% trade discount for large quantity purchases. The cost of shipping for the merchandise is $7 per unit. Jasper's total purchase price per unit will be: a-$507. b - $357. C-$350. d-$343 18). Fragment Company is a wholesaler that sells merchandise in large quantities. Its catalog indicates a list price of $300 per unit on a particular product and a 40% trade discount is offered for quantity purchases of 50 units or more. The cost of shipping the merchandise is $7 per unit under terms FOB shipping point. If a customer purchases 100 units of this product, what is the amount of sales revenue that Fragment will record from this sale? a-$18,700 b -$29,300 C-$18,000. d-$30,000 19). A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: a-$1,800 b - $1,600 C-$1,564. d-$1,568 20). A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost paid of this merchandise is: a - $4,000.50 b -$4,075.00 c- $3,725.00. d - $3,925.00 Explanation: Cash Paid = [($4,000 - $275) * 0.98] + $350 = $4,000.50 No discount may be taken on the transportation costs