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Word Problem 11-24 [LU 11-1 (1, 2), LU 11-2(1)] Levin Furniture buys a living room set with a $5,900 list price and a 50% trade
Word Problem 11-24 [LU 11-1 (1, 2), LU 11-2(1)] Levin Furniture buys a living room set with a $5,900 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 4/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25. Delivered price
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