Question

Jasper Company is a wholesaler that buys merchandise in large quantities. Its supplier’s catalog indicates a list price of $500 per unit on merchandise Jasper intends to purchase, and offers a 30% trade discount for large quantity purchases. The cost of shipping for the merchandise is $7 per unit. Jasper’s total purchase price per unit will be:a. $507 b. $350 c. $357 d. $343 e. $493

Answer 1

Answer:

c. $357

Explanation:

If a trade discount of 30% is offered for a list price of $500, jasper pays (100% - 30%) × $500 = (70%) × 500 = $350

$350 + $7 = $357

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