Use the trade discount system shown in the table to calculate the cost of 500 lbs of product if the retail price is $5 per pound.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Trade Discount
0-100 lbs
5%
101-400 lbs 15%
401+ lbs
30%
A. $750.00
C. $2,500.00
2003-2022 International Academy of Science. All Rights Reserved.
Use the trade discount
system shown in the
table to calculate the
cost of 500 lbs of
product if the retail
price is $5 per pound.
B. $2,125.00
D. $1,750.00
L
N
I
Transcribed Image Text:Trade Discount 0-100 lbs 5% 101-400 lbs 15% 401+ lbs 30% A. $750.00 C. $2,500.00 2003-2022 International Academy of Science. All Rights Reserved. Use the trade discount system shown in the table to calculate the cost of 500 lbs of product if the retail price is $5 per pound. B. $2,125.00 D. $1,750.00 L N I
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