Levin Furniture buys a living room set with a $4,900 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of

Question

Levin Furniture buys a living room set with a $4,900 list price and a 50% trade discount. Freight (FOB shipping point) of $45 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 4/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.

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RobertKer 3 years 2021-07-22T23:21:34+00:00 1 Answers 18 views 0

Answers ( )

  1. Philomena
    0
    2021-07-22T23:22:46+00:00
    Reply

    Delivered price =   $Answer:

    Answer:Delivered price=$1,814

    Step-by-step explanation

    Explanation:

    List Price = $4,000

    Trade  discount = 55%

    Price after discount = $4,000 – 55% x $4000

    $4000- $2,200 =  $1,800

    if Levin pays within 10 days he will have a discount of 2 %, which he did

    Therefore 2% x $1800 = $36

    Delivered price =   $1800 -$36+ freight charges ( shipping)

    $1800 -$36 + $50=$1814

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