Calculate the net price of merchandise listing for $5,900 less a trade discount rate of 45%. O $2,065 O $2,655 O $3,760 O $3,245

Q: Merchandise subject to terms 3/10, n/30, FOB shipping point, is sold on account to a customer for…

A: Sales discount allowable refers to the discount allowable expense that can be allowed to the…

Q: Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment…

A: credit terms: 3/10 - means 3% discount given if payment is made within 10 days

Q: (Olympia Company sold merchandise on credit with a list price of $70,000. Terms were 2/10, n/30.…

A: Net amount to pay = 70,000 * ( 1 - 0.02 ) = 68,600

Q: Calculate the trade discount amount of merchandise with a list price of $7,000 less trade discounts…

A: Particulars Amount List price $7000 Less: 40% discount (7000*40%) -2800 Net $4200 Less: 25%…

Q: 1. Taking advantage of a 2/10, n/30 purchases discount is equal to a yearly savings rate of…

A: Hey, Since there are multiple questions posted, we will answer first question. If you want any…

Q: Need answer

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Q: What is the wholesale price of an item, if the retail price is $104.37 and the amount of markup is…

A: In the given case, we have provided the retail price and the mark up amount.  And, the wholesale…