A foreign shirt manufacturer, Penguin Outfitters of England, company offers a liberal discount policy in an attempt to bui discount, the company offers a 10% sales discount off a first (and an additional 5% rebate on previous sales), and a flat 20 shirts in a shipment last week to KDIS, a U.S. retailer in Cra at $84,000, less 10% sales discount, less 5% cash discount. Today, a second shipment arrives for KDIS, invoiced at $162,000, less 15% sales discount, less 5% cash discount. In addition, Penguin includes in the paperwork an amended invoice for an additional 5% discount on the first shipment. KDIS takes advantage of all discounts. The appraised value for these shipments should be:
A) 1st shipment: $84,000, less 15%, less 5% 2nd shipment: $162,000, less 15%, less 5%
B) 1st shipment: $84,000, less 10%, less 5%, less5% 2nd shipment: $162,000, less 15%, less 5%
C) 1st shipment: $84,000, less 10%, less 5% 2nd shipment: $162,000, less 10%, less 5%
D) 1st shipment: $84,000, less 10%, less 5% 2nd shipment: $162,000, less 15%, less 5%
E) 1st shipment: $84,000, less 5% 2nd shipment: $162,000, less 5%
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The Answer is: D
Citation: 19 CFR 152.103(a)(4)
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