A glass blowing 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 using wholesalers and retailers who receive 50/10 terms.How much will the studio receive from selling this vase?

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The studio is selling the vase at a retail list price of $2,000. However, they sell only through wholesalers and retailers who receive 50/10 terms, which means that the wholesalers and retailers buy the vase at a 50% discount (or $1,000) and are given an additional 10% off, which is $100. Therefore, the studio will receive 50% of the retail list price, which is $1,000, minus the additional 10% discount of $100, for a total of $900.

A Glass Blowing Studio Makes Fine Pieces of Art Glass