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Sergio [31]
4 years ago
14

Brenda purchased a total of five computers for $3,300. she received a 20% trade discount. what did brenda pay for the computers?

$2,640 $2,460 $2,440 $3,750 none of these
Business
1 answer:
DIA [1.3K]4 years ago
5 0

A trade discount<span> is the amount or percentage which a manufacturer deducts from the retail or advertised price of a product when it sells to a reseller or end customer. <span>When Brenda bought a total of five computers for $3,300, a trade discount of 20% was already deducted. So in this particular question”what did Brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these” the answer is none of these. She paid the amount of $3,300.</span></span>

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Question:

Lets complete the question as thus

Selkirk Company obtained a $12,000 note receivable from a customer on January 1, 2021. The note, along with interest at 10%, is due on July 1, 2021. On February 28, 2021, Selkirk discounted the note at Unionville Bank. The bank’s discount rate is 12%.

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Proceeds from discounting =$11,970

Explanation:

<em>To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>

<em>Proceeds = Gross proceed - Discount charges</em>

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Gross proceed = 12,000+ (12,000× 6%× 10/12)= $12,600

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Time to maturity at the date of discounting = 6 - 1 = 5 months

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Proceeds to be received

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