A Retailer Purchases Merchandise with a Catalog List Price of $15,000

question 179

Multiple Choice

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

• A) $15,000
• B) $14,700
• C) $12,750
• D) $12,495

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Definitions:

Saturated Fatty Acids

Fatty acids with no double bonds between carbon atoms, usually solid at room temperature and found in animal fats.

Hydrophilic Functional Groups

Chemical groups attached to molecules that are attracted to water, making the molecule soluble in water.

Soluble

Capable of being dissolved in a solvent, typically referring to substances that can dissolve in water.

Oxygen Atoms

Fundamental particles that make up oxygen gas (O2), essential for cellular respiration and critical to life's biochemical processes.