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A manufacturer offers a 25/20 c discount if the invoice subtotal is $1,000. If the list price is $52 per what is the total price of the first

A manufacturer offers a 25/20 c discount if the invoice subtotal is $1,000. If the list price is $52 per what is the total price of the first

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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what is the total price  of the first invoice that activates the chain discount?

A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $52 per item, what is the total price of the first invoice that activates the chain discount? A. $655.20 C. $624.00 B. $592.80 D. $572.00
Transcribed Image Text:A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $52 per item, what is the total price of the first invoice that activates the chain discount? A. $655.20 C. $624.00 B. $592.80 D. $572.00
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