A company purchased $3,400 worth of merchandise. transportation costs were an additional $300. the company returned $235 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is:

Question

Jazlene Garrett

Business

20 August, 22:44

A company purchased $3,400 worth of merchandise. transportation costs were an additional $300. the company returned $235 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is:

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Kingston Irwin · Answer 1

company purchased $3,400 worth of merchandise

transportation costs were an additional $300

the company returned $235 worth of merchandise

then paid the invoice within the 1% cash discount period = 100 - 1 = 99% = 0.99

total cost of this merchandise=

[ ($3,400 - $235) x. 99] + $300 = $4,000.50

= [3165 x 0.99] + $300

= 3133.35 + $300

= $3433.35