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275.Ass blowing studio makes fine pieces of art glass. It has decided on a retail list price of $2,000 for one of its vases. They sell only to wholesalers and retailers who receive 50/10 terms. How much will the studio receive from selling this vase? A.$2,000 B.$1,000 C.$900 D.$800 E.$100 276.To encourage retailers to pay their bills quickly, manufacturers offer them 277.The purpose of a cash discount is to
278.If the cash discount terms for a $500 purchase are 4/10 net 30, the number $500 refers to 279.If the cash discount terms for a $500 purchase are 4/10 net 30, the number 4 refers to A.the percentage markup on the product. B.the percentage discount if the bill is paid within 10 days. C.the percentage increase in price if the bill is not paid within 10 days. D.the discount in dollars per unit if the order is paid on time in 30 days. E.the penalty in dollars if the bill is not paid within 10 days. 280.If the cash discount terms for a $500 purchase are 4/10 net 30, the number 10 refers to 281.Larry's Lawn Care allows customers to use a credit card for purchases. Larry pays 4 percent of the sale to the credit card company. To promote more business, Larry decides to offer a lower price to customers paying cash—that price being 3 percent less than the standard list price. Larry is giving his customers a(n)