A glassblowing studio makes fine pieces of art glass. It has decided on a retail list price of $2,000 for one of its vases. They sell only through wholesalers and retailers who receive 50/10 terms. How much will the studio receive from selling this vase?

Question

Quizplus · Accepted Answer

The studio will receive 90% of the retail price, which is $2,000 x 0.90 = $1,800. After the 10% discount, the studio will receive $1,800 x 0.90 = $1,620.

A Glassblowing Studio Makes Fine Pieces of Art Glass