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Gray Uniforms is a wholesaler who sells school uniforms to retailers. On August​ 1, Gray contracts...

Gray Uniforms is a wholesaler who sells school uniforms to retailers. On August​ 1, Gray contracts with Excel School Uniforms to sell​ 2,000 uniforms to Excel to be delivered September 1. The contract price is set at $ 350 each. The contract provides for a​ 10% volume discount if sales exceed​ 3,000 uniforms. The probability of sales exceeding​ 3,000 uniforms is expected to be 71​%. Using the most-likely-amount ​approach, the consideration is estimated to be​ ___....

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The consideration for the transaction should be = 2000 x $ 350 x 90%

= $630000

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