Acompany purchases merchandise with a catalog price of $26,500. the company receives a 30% trade discount from the seller. the seller also offers credit terms of 2/10, n/30. assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?

$ 18,179

Explanation:

From the list price we will apply the trade discount to know the nominal at the invoice.

Then we will apply the discount agreed on the invoice of 2% getting the net cost of the merchandise:

list price:                          26,500

trade discount of  30% =  (7,950)  

invoice nominal                18,550

discount within first 10 days:

18,550 x 2% =                       (371)

net of discount:                  18,179

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

answer; interviews;