Question

Majestic Manufacturing sold Jordans Furniture a living room set for an $8,550 list price with 40% trade discount. The $125 freight (FOB shipping point) was not part of the list price. Terms were 5/10, n/30 ROG. The invoice date was June 04. Jordans received the goods on July 23 and paid the invoice on July 25. What was the final price (include cost of freight) of the living room set

Answer 1

Very last price of dwelling room set = net cost + Freight = ($8,560*80%*ninety nine%) + $a hundred thirty= $6,909.fifty two

"At a reduction" is a word used to describe the practice of promoting shares, or other securities, underneath their modern-day marketplace price, similar to a sale of products at a retail status quo.

A trade discount is a quantity by means of which a producer reduces the retail charge of a product whilst it sells to a reseller, in place of to the give-up consumer.

An exchange discount is a subtraction from the list rate of the goods, allowed through the dealer to the customer at an agreed price. On the opposite, a coins cut price is a discount allowed to the client, whilst he/she makes coins payment of the goods bought, within the stipulated time.

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