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

---

Definitions:

Statistical Analysis

The process of collecting, examining, interpreting, and presenting data to discover underlying patterns and trends.

Subject Matters

The topics or themes that are being discussed or dealt with in a text, conversation, or study.

Physical World

The material universe that includes all of the physical objects and forces that interact within it.

Proven

Demonstrated to be true or effective through empirical evidence or logical reasoning.