Jasper Company, Inc

question 213

Multiple Choice

Jasper Company, Inc. is a wholesaler that buys merchandise in large quantities. Its supplier's catalog indicates a list price of $500 per unit on merchandise Jasper intends to purchase, and the supplier offers a 30% trade discount for large quantity purchases. The cost of shipping the merchandise is $7 per unit. Jasper's net purchase price per unit will be:

• A)$507
• B)$350
• C)$357
• D)$343
• E)$493

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