Ask Question
15 July, 02:15

A company purchased $3,600 worth of merchandise. transportation costs were an additional $315. the company later returned $250 worth of merchandise and paid the invoice within the 3% cash discount period. the total amount paid for this merchandise is:

+4
Answers (1)
  1. 15 July, 02:37
    0
    Answer: $3,564.50

    Explanation:

    The total amount that the company will pay for the merchandise is the net cost of the merchandise, less a 3% cash discount, plus the transportation costs. The cash discount normally only applies to the merchandise and not the transportation costs.

    The cost of the merchandise is $3,600 less the $250 refund, which equals $3,350. With a 3% cash discount they will pay 97% of this amount, which is $3,249.50. After adding the additional transportation charge of $315, the total amount to be paid is $3,564.50.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company purchased $3,600 worth of merchandise. transportation costs were an additional $315. the company later returned $250 worth of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers