A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of 30 / 21 / 10 3/4 , find the trade discount amount to the nearest penny. a. $1,200.01 b. $759.67 c. $912.25 d. $480.02

A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of 30 / 21 / 10 3/4 , find the trade discount amount to the nearest penny. a. $1,200.01 b. $759.67 c. $912.25 d. $480.02

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 7Q: Sunrise Flowers sells flowers to a customer on credit for $130 on October 18, with a cost of sale to...

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Question

A flower shop buys roses with a list price of $1,500. If the wholesaler offers trade discounts of 30 / 21 /

10 3/4 , find the trade discount amount to the nearest penny.

a. $1,200.01

b. $759.67

c. $912.25

d. $480.02

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