Jasper Company is a wholesaler that buys merchandise in large quantities. Its supplier’s catalog indicates a...
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:
Homework Answers
List price = $500 per unit
Trade discount = 30%
= 500 x 30%
= $150
Purchase price per unit = Cost price - Discount
= 500 - 150
= $350
Cost of shipping = $7 per unit
Total purchase price per unit = Purchase price per unit + Cost of shipping
= 350 + 7
= $357
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Jasper Company is a wholesaler that buys merchandise in large
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