#8

7-10. A firm purchses 4,000 items per day at a list price of $18 per item. The credit terms are 4/10, net 40 . 7. Find the free trade credit. a) $594,100 b) $756,300 c) $628,400 d) $691,200 8. Find the costly trade credit. a) $2,285,400 b) $2,073,600 c) $2,065,300 d) $2,248,200