Round the Number as Requested

question 113

Multiple Choice

Round the number as requested.
-627 to the nearest hundred

• A)500
• B)700
• C)600
• D)610

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Definitions:

Trade Discounts

A reduction in the listed price of goods or services offered by sellers to buyers, often based on volume purchased or to maintain long-term business relationships.

Credit Terms

Credit terms are the conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the late fee.

Payments

Transactions involving the transfer of money or equivalent to another party in exchange for goods, services, or to fulfill a legal obligation.

Merchandise Inventory

Goods that a retailer or wholesaler purchases for resale to customers.