What is the price of the merchandise if the list price is $800, trade discount is 40%, and the terms are 2/10, EOM?

Name: What is the price of the merchandise if the list price is $800, trade discount is 40%, and the terms are 2/10, EOM?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The trade discount is 40% of $800, which is $320. Subtracting the discount from the list price gives $480. The terms 2/10, EOM refer to a cash discount if paid within 10 days of the end of the month, but it doesn't affect the initial price calculation.

What Is the Price of the Merchandise If the List