The amount of the revenue of the current year. Given information: Number of pair socks are 100,000. Contract price of per socks are $5. Discount offered by the seller is 25%.

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Chapter 8, Problem 1JC

1.

To determine

The amount of the revenue of the current year.

Given information:

Number of pair socks are 100,000.

Contract price of per socks are $5.

Discount offered by the seller is 25%.

2.

To determine

The transaction price for this contract and

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