Nike sets the retail price of a new model of shoe at $200. It

Question: Nike sets the retail price of a new model of shoe at $200. It uses a distributor and a retailer and sets the following trade discount: 2/10, NET 30, 50% What is the revenue to Nike? $90 $70 $50 $100 O
Show transcribed image text 100% (1 rating)Answer)The answer is $100. 2/10 NET 30 means if within 10 days, the due is pa…View the full answerTranscribed image text: Nike sets the retail price of a new model of shoe at $200. It uses a distributor and a retailer and sets the following trade discount: 2/10, NET 30, 50% What is the revenue to Nike? $90 $70 $50 $100 O