Ask Question
6 March, 10:50

Macy of New York sold LeeCo. of Chicago office equipment with a $7,600 list price. Sale terms were 1/10, n/30 FOB New York. Macy agreed to prepay the $20 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy?

+3
Answers (1)
  1. 6 March, 10:55
    0
    Answer: LeeCo. pay Macy 7544 dollars

    Step-by-step explanation:

    Given that the office equipment was sold at $7,600

    And Sale terms were 1/10, n/30 FOB New York. Macy agreed to prepay the $20 freight.

    Then,

    7600 - 7600 (0.01) + 20

    = 7600 - 76 + 20

    = 7544 dollars

    LeeCo. pay Macy $7544
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Macy of New York sold LeeCo. of Chicago office equipment with a $7,600 list price. Sale terms were 1/10, n/30 FOB New York. Macy agreed to ...” in 📗 Mathematics 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