Logan's Restaurant Ordered 15 Cases of Tomato Sauce with a List

question 130

Short Answer

Logan's Restaurant ordered 15 cases of tomato sauce with a list price of $17.25 each and 6 cases of tuna with a list price of $15.90 each. The wholesaler offered a 34% trade discount to Logan. What is the total net amount Logan owes to the wholesaler? (Round to the nearest cent)

---

Definitions:

Financial Planning

The process of creating strategies to manage financial affairs and meet life goals, involving aspects of budgeting, investing, and saving.

Sales Growth

Sales growth is the increase in sales over a specific period, indicating the health and expansion rate of a business, typically expressed as a percentage.

Fixed Assets

Long-term tangible assets used in a company's operations, such as machinery, buildings, and equipment, that are not expected to be converted into cash within a year.

Fixed Assets

Assets of a long-term nature used in the operation of a business, such as land, buildings, machinery, and equipment, which are not expected to be converted to cash within a year.