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Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30,ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92745537

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