A dealer buys aboveground pools from a manufacturer and resells
A dealer buys aboveground pools from a manufacturer and resells them.
• The manufacturer sets a list or catalogue price of $5,000 for a pool. The manufacturer offers its dealers a 30 percent trade discount.
• The manufacturer sells the machine under terms of FOB destination. The cost of shipping is $480.
• The manufacturer offers a sales discount of 2/10, n/30. Sales discounts do not apply to shipping costs.
What is the net cost of the pool to the dealer, assuming it is paid for within 10 days of purchase?

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