56 7. This Is the shipping terminology used when the vendor pays the transportation charge to the retaller's store or warehouse 57 a. FOB retailer 58 b. FOB factory 59 c. Prepaid 60 d. None of the above 61 62 Answer: 63 64 8. An invoice dated March 21 and dating terms is 3/10- 60x. What is the final date for taking the cash discount? 65 a. May 25 66 b. March 31 67 C. May 30 68 d. May 21 69 70 Answer: 71 72 9. If the invoice is to be paid in 30 days and there is no cash discount, this is known as which term 73 a. 8/10 EOM 74 b. Net 30 75 C. ROG 76 d. 8/40 DO 78 Answer: 79 80 10. Keystone markup means? 81 a. 100% markup based on retail price 82 b, 50% markup based on retail price 83 c, 80% markup based on cost price 84 d, 50% markup based on cost price 85 86 Answer: 87