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17 January, 13:25

A company purchased $4,000 worth of merchandise. transportation costs were an additional $350. the company later returned $275 worth of merchandise and paid the invoice within the 2% cash discount period. the total amount paid for this merchandise is:

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  1. 17 January, 13:38
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    Hi there

    Worth of merchandise after purchase returns

    4,000-275=3,725

    Worth of merchandise after cash discount

    3,725+3,725*0.02=3,799.5

    Add the transportation cost to the cost of merchandise to get total amount paid for this merchandise

    3,799.5+350=4,149.5

    Good luck!
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