2 A storekeeper bought merchandise for $2940 If she sells the merchandise at 16% above cost, how much gross profit does she make? Her gross profit is $ (Type an integer or a decimal)
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- A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays within the discount window, how much will the retailer remit in cash to the manufacturer? A. $19.50 B. $630.50 C. $650 D. $195A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer? A. $1,250 B. $1,200 C. $50 D. $500They sold $50,000 worth of goods on credit, with terms 3/10, n/20, on 2/1/2021. Record this journal entry using both the net and gross methods. Record the journal entry if the customer pays off this account on 2/5/2021. Record the journal entry if the customer pays off this account on 3/1/2021.
- A retailer sells a product at a price of 120 OMR. He purchased the same product from a wholesaler at 95 OMR. The sales tax is 6%. Calculate the VAT paid by the retailer.esther has a small store. last month, she purchased merchandise costing p75,000.00, for which she paid freight of p7,500.00. she sold 60% of the merchandise for p68,000.00, after spending for various expenses totalling p13,000.00. she also paid p2,000.00 for interest on money she borrowed for her store. a. how much was her cost of sales? b. how much gross profit did she make? c. how much operating profit did she make? d. what was her net profit?A consumer buys an article for a listed price of 380 OMR from a shopkeeper and pays 10% sales tax. The shopkeeper pays a VAT of OMR 3. Find the price inclusive of tax at which the shopkeeper bought from the wholesaler. a. 35O OMR b. 418 OMR c. 315 OMR d. 385 OMR
- On Nov 3, Ali Mercadejas sold merchandise for $180,000 less 15-10 on terms 3/10 2/20 n/30. Two days after, the customer returned $17,000 worth of defective goods. On Nov 13, the customer made a partial payment of $40,000. The account was finally paid in full on Nov 23. How much was the net sales generated from the above transactions?H3. A retailer purchases some merchandise with an invoice price of $19,100 and terms of sale of 5/15, n/45. What is the net amount due (in $) on the order if a partial payment of $10,800 is made on the 15th day? (Round your answer to the nearest cent.) Please show proper step by step calculation with detailsA shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?
- 4. Mohamed is a sole trader. He is selling laptops. The purchase price is BD240. What would the profit be if 20% sales margin is applied? 5. Sales for the year amounted to BD41,250, purchases amounted to BD33,500. Closing inventory amounted to BD8,910. A sales margin of 20% applies. How much is the beginning inventory?A small retailer buys goods from a vendor with an invoice amount of $9,300. The terms of the sale are 3/10, n/30. What is the net amount due on the goods if the bill is paid by the 10th day? $279 $930 $8,370 $9,0211.On June 1, P8,000 of goods are sold with credit terms of 1/10, n/30. On June 3 the customer returned P1,000 of the goods. How much should the seller expect to receive if the buyer pays on June 8?
