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

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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

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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Apr 26th, 2015
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Apr 26th, 2015
Nov 19th, 2017
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