A retailer returned 2700 defective items to the manufacturer and received a credit for the retail price

Question:

A retailer returned 2700 defective items to the manufacturer and received a credit for the retail price of $0.83, or 83 1⁄3¢ per item less a discount of 3⁄8 of the retail price. What was the amount of the credit received by the retailer?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:16 AM

See More Questions

Jordan Footwear sells athletic shoes and uses the perpetual inventory system. During June, Jordan engaged in the following transactions its first month of operations: a. On June 1, Jordan purchased,...
Jordan Footwear sells athletic shoes and uses the perpetual inventory system. During June, Jordan engaged in the following transactions its first month of operations: a. On June 1, Jordan purchased,...
Jordan Footwear sells athletic shoes and uses the perpetual inventory system. During June, Jordan engaged in the following transactions its first month of operations: a. On June 1, Jordan purchased,...
a. Consider the effect of population growth on the allocation on the dynamic efficient allocation of a depletable resource across time. Suppose we have two versions of the two-period model, discussed...
Radio news releases must be tightly written. What is the general guideline for the number of lines and words in a 30-second news release? What other guidelines should be kept in mind when writing a...
In Problem use a graphing calculator to approximate the partition numbers of each function f(x) to four decimal places. Then solve the following inequalities: (A) f(x) > 0 (B) f(x) < 0 Express...
Show that for the bivariate normal distribution (a) independence implies zero correlation; (b) zero correlation implies independence.
You are a CPA working in a tax group of a medium-sized accounting firm, Smith & Ross LLP. This morning, the partner of a tax group approached you regarding new clients, Cali and Tobey Carson....
As the drawing shows, a carpenter on a space station has constructed a 30 deg ramp. A rocket moves past the space station with a relative speed of 0.884c in a direction parallel to side x. What does...
The trial balance of Mr. Rosiak Fashion Center, Ltd. contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled £2,100....
A piece of property valued at $56 100 is assessed for property tax purposes at 611 of its value. If the property tax rate is $3.75 on each $100 of assessed value, what is the amount of tax levied on...
Extend the following invoice. Quantity Oescription Unit Price $0.75 83, 0.375 133 atal 54 72 42
Charge $q=+10 \mathrm{nC}$ is uniformly distributed on a spherical shell that has a radius of $120 \mathrm{~mm}$. (a) What are the magnitude and direction of the electric field just outside and...
The cadet laundry service at USAFA is outsourced to a company based near Woodmen & Powers in Colorado Springs. The company makes three trips each week between the laundry facility and USAFA, but the...
How does Kurt Lewin explain the process of change/ List its various phases & the activities in each phase?
I need help solving this problem. Pls help me by answering and showing step by step. Problem 4: You are in an old spy movie, and have been locked into a small room (volume 1,000 ft). You suddenly...
1 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Space Brownies purchased the following bags of coffee beans for sale. For the month of May, the end of the month records show 99 bags sold. Date May 2, 2023...
Live Nation Entertainment Company Marketing Strategy: Identify, if appropriate, New Target Markets and Demographics Discuss your sales and promotion strategies in detail ( channels of distribution,...
What is spot purchasing?
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
Air Yukon received a shipment of plastic trays on September 2. The invoice amounting to $25 630 was dated August 15, terms 2/10, n/30 R.O.G. What is the last day for taking the cash discount and how...
On April 1, 2017, Faircloud Variety Company deposited $24 000 into a savings account earning simple interest of 1.5%. How much interest was paid to Faircloud's account on June 30, 2017?
Ethan's grandmother deposited $5000 for him in a savings account on his fifteenth birthday on March 30, 2017. How much interest would he have earned in the account by his eighteenth birthday assuming...
Water flows through a pipe section that tapers from an internal diameter of 200 mm down to 100 mm over a distance of 1 m. Determine the pressure drop over the section for a flow of 0.06 m3s-1. The...
Calculate the binding energy per nucleon for Be, 59 Co, 208 pb, and 195 pt. (For the atomic masses, see this table. Enter your answers to at least two decimal places.) (a) Be MeV/nucleon 59 Co...
A.Final ProjectTeamProjectCustom Schema: 200 points Extra Credit Group of 3 people : Designer and Developer ( ERD, tables, data ) Team Leader/Power User ( Business Questions/Queries, Real Life...

A retailer returned 2700 defective items to the manufacturer and received a credit for the retail price

Question:

Step by Step Answer:

Retail value Discou...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions