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Question #1. After trade discounts of 14% and 13% a retailer purchased shirts from a supplier for $17.3. What was the list price for the
Question #1.
After trade discounts of 14% and 13% a retailer purchased shirts from a supplier for $17.3. What was the list price for the shirts?
Question #2.
The Garfield Company received an invoice for $72,000 dated October 16th, 2020 with payment terms 4/5, 2/20, n/45 EOM.
a) What is the last day for taking advantage of the 4% discount? (
b) What is the amount due on that date if the invoice is to be paid in full?
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