A dealer buys tooling machines from a manufacturer and resells them to its customers. a. The manufacturer

Question:

A buys tooling machines from a manufacturer and resells them to its customers.
a. The manufacturer sets a list or catalogue price of $6,000 for a machine. The manufacturer offers its dealers a 20 percent trade discount.
b. The manufacturer sells the machine under terms of FOB shipping point. The cost of shipping is $350.
c. The manufacturer offers a sales discount of 2/10, n/30. The sales discount does not apply to shipping costs.
What is the net cost of the machine to the assuming it is paid for within 10 days of purchase?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...