## 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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2021-07-22T23:21:34+00:00
2021-07-22T23:21:34+00:00 1 Answers
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## Answers ( )

Delivered price = $

Answer:Answer:Delivered price=$1,814

Step-by-step explanationExplanation:

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