Find the list price of a sofa that has a net cost of $285.00 with a...

Question

Question

Find the list price of a sofa that has a net cost of $285.00 with a 20/10/10 series discount.

Invoice date	Terms	Date Goods Received	Final Discount Date	Net Payment Date
May 14	3/20 ROG	June 2

Invoice Amount	Invoice Date	Terms	Date Invoice Paid	Amount of Discount	Amount Due
$2,500	Jan. 25	4/15 EOM	Feb. 13

Remember that the net payment date is always 20 days after the net payment date.
If the day on the invoice date is greater than 25, then you must use the month after the following month.

business accounting

Answer 1

Answer #1

Series discount of 20/10/10 will be a single discount of 480x90x90 100 Too 10 1- 01648 0.352 So, & Nook Coste List Price = Ne

Answer 2

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