BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Storm Heating and Air receives an invoice for machine parts for $400 that is dated November 9 and has sales terms 2/10 ROG. The machine parts arrive November 13. What day would they have to pay by to receive the discount?
|
|
November 15
|
|
|
November 19
|
|
|
November 23
|
|
|
November 11
|
Explanation:
Detailed explanation-1: -exaMpLe 6.1h Determine the amount of discount for a $100.00 list price subject to the discount series 40%, 12.5%, 8⅓%, and 2%. Rate of discount = Amount of discount/List price = 52.8375/100 = 0.528375 The single equivalent rate of discount is 52.84%.
Detailed explanation-2: -A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller, rather than to the end customer.
There is 1 question to complete.