3) A dining room set lists for $7,900.00 and carries a trade discount of 25 perc

Business & Finance
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3) A dining room set lists for $7,900.00 and carries a trade discount of 25 percent. Freight (FOB Shipping Point) of $75.00 is not part of the list price. The net price of the dining room set including freight, assuming a cash discount of 4 percent, is: 

A) $5,763.00 

B) $7,975.00 

C) $7,659.00 

D) $7,656.00

Apr 26th, 2015


A) $5,763.00 

The net price of the dining room set including freight, assuming a cash discount of 4 percent, is $5763

Price of dining room set =$7900

Trade discount is 25 % 

discount is $1975 So the price now is $7900-1975 =$5925

But there is a cash discount of 4 % So the discount is  $5925 *4/100 =  $237  

So the price of dining room set is $5925-$237 = $5688 

And lastly the freight charges should be added SO $5688+$75 = $5763

The net price of the dining room set including freight, assuming a cash discount of 4 percent, is $5763

Apr 26th, 2015

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