If the net price of a stove is $900 and the trade discount rate is 40%, the list price is:
A) $3,600
B) $2,250
C) $1,500
D) $1,260
E) None of these
Correct Answer:
Verified
Q41: 2/10, n/30, ROG means the cash discount
Q44: Cash discounts are:
A)Always calculated on list price
B)Sometimes
Q47: 200 days from March 3 is:
A)September 18
B)September
Q48: 60 days from Nov. 19 is:
A)Jan. 16
B)Jan.
Q49: Amount of trade discount is represented by
Q50: With terms of 2/10, n/30:
A)Credit period is
Q51: A local college bookstore paid a net
Q55: An invoice dated March 6 with terms
Q59: Amount of trade discount equals:
A)List price ×
Q60: Roland Corporation buys stoves from a wholesaler.
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