What Is the Net Price of an Item If the 17.5

question 246

Multiple Choice

What is the net price of an item if the 17.5% trade discount is equal to $32.44?

• A) $381
• B) $185
• C) $153
• D) $217
• E) $92

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Definitions:

Sales

The total revenue generated from goods or services sold by a company during a specific period, indicating the primary source of business income.

Cost Of Goods Sold

Direct spending on materials and labor required to produce the merchandise a company sells.

Operating Expenses

The costs associated with the day-to-day activities of a business, excluding costs directly tied to the production of goods or services, such as rent, utilities, and salaries.

Merchandising Company

A business that purchases finished goods for resale in order to earn a profit, without transforming these goods.