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Majestic Manufacturing sold Jordans Furniture a living room set for an $8,700 list price with 40% trade discount. The $200 freight (FOB shipping point)
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,700 list price with 40% trade discount. The $200 freight (FOB shipping point) was not part of the list price. Terms were 5/10, n/30 ROG. The invoice date was June 19. Jordans received the goods on August 07 and paid the invoice on August 09. What was the final price (include cost of freight) of the living room set? Note: Round your answer to the nearest cent. Final price
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