Multiple Choice
Fragment Company is a wholesaler that sells merchandise in large quantities.Its catalog indicates a list price of $300 per unit on a particular product and a 40% trade discount is offered for quantity purchases of 50 units or more.The cost of shipping the merchandise is $7 per unit under terms FOB shipping point.If a customer purchases 100 units of this product,what is the amount of sales revenue that Fragment will record from this sale?
A) $18,000
B) $30,000
C) $18,700
D) $29,300
E) $30,700
Correct Answer:
Verified
Correct Answer:
Verified
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