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Adventure Fishing provides guided fishing tours. The company charges $140 per person but offers a 20% discount to parties of four or more. Consider the
Adventure Fishing provides guided fishing tours. The company charges $140 per person but offers a 20% discount to parties of four or more. Consider the following transactions during the month of May. May 2 Charlene books a fishing tour with Adventure Fishing for herself and four friends at the group discount price ($560 = $112 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Adventure Fishing asks that payment be made within 30 days of the tour and offers a 6% discount for payment within 15 days. May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Adventure Fishing has a strict policy of no discounts
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