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n200080 [17]
3 years ago
9

g Jacob Co. sells merchandise on credit to Isaiah Co. for $9,700. The invoice is dated May 1 with terms of 1/15, net 45. What is

the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? a.$194, May 16 b.$97, May 15 c.$97, May 16 d.$194, May 15
Business
1 answer:
xxTIMURxx [149]3 years ago
5 0

Answer:

Discount amount = $97  and  may 16  

so correct option is c.$97, May 16

Explanation:

given data

sells merchandise on credit =  $9,700

to find out

amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount

solution

we know here Invoice amount that is $9700

so here discount rate till 15 days is 1 %

so Discount amount will be

Discount amount = 1% of $9700

Discount amount = $97

so from 1 may up to 15 days i.e. may 16  

so correct option is c.$97, May 16

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The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.

<h3>What is the selling price?</h3>

The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.

The computation of the selling price of the car:

Given,

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\begin{aligned}\text{Selling Price}&=\text{Cost Price}+\text{Margin}\\&=\$60,000+(\$60,000\times25\%)\\&=\$60,000+\$15,000\\&=\$75,000\end{aligned}

Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.

Learn more about selling price, here:

brainly.com/question/3798799

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