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1.Mel's furniture received an invoice dated September 27 for five bedroom sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller
1.Mel's furniture received an invoice dated September 27 for five bedroom sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM. Assuming Mel pays on November 2, what amount would be paid? (Be sure to include the freight cost.) (Round your answer to the nearest cent.)
2.Calculate the final selling price to the nearest cent (Round each calculation to nearest cent as needed):
Original Selling Price | 1st Markdown | 2nd Markdown | Markup | Final Markdown |
$6,000 | 9% | 13% | 4% | 9% |
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