Question
Moe School Supplies, Inc., sells classroom products in bulk to school districts for in-class and online learning. Cheap offers rebates to customers based on the
Moe School Supplies, Inc., sells classroom products in bulk to school districts for in-class and online learning. Cheap offers rebates to customers based on the level of sales. The discounts are as 3% on purchases between $100,000 and $150,000; 5% on purchases above $150,000 and 10% on purchases above $500,000. Cheap sold $350,000 worth of products to Frugal School District during 2024. On February 1, 2025, Frugal purchased $90,000 of supplies and has implied it will be purchasing an additional $450,000 worth of products throughout the year. What amount of revenue would Cheap record on February 1, 2025?
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