A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? B. $594.00 A. $569.25 D. $621.00 C $648.0

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A manufacturer offers a 25/20 chain
discount if the invoice subtotal is above
$1,000. If the list price is $45 per item,
what is the total price of the first invoice
that activates the chain discount?
B. $594.00
A. $569.25
D. $621.00
C. $648.00
03-2021 Acellus Corporation. All Rights Reserved.
Transcribed Image Text:A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? B. $594.00 A. $569.25 D. $621.00 C. $648.00 03-2021 Acellus Corporation. All Rights Reserved.
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