A Retailer Purchases Merchandise with a Catalog List Price of $30,000

question 144

Multiple Choice

A retailer purchases merchandise with a catalog list price of $30,000. The retailer receives a 15% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period?

• A) $30,000
• B) $24,900
• C) $29,400
• D) $24,990

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