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18 July, 16:38

A company purchased $4,300 worth of merchandise. transportation costs were an additional $380. the company returned $295 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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  1. 18 July, 16:53
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    To solve:

    Total cost of merchandise = [ (purchased merchandise - returned merchandise) x percentage out of hundred - 1] + transportation cost

    Total cost of merchandise = [ ($4,300 - $295).99] + $380

    Total cost of merchandise = ($4,005) (.99) + $380

    Total cost of merchandise = $3,964.95 + $380

    Total cost of merchandise = $4,344.95
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