A company purchased $8,500 worth of merchandise. Transportation costs were an additional $50. The company later...
A company purchased $8,500 worth of merchandise. Transportation costs were an additional $50. The company later returned $800 worth of merchandise and paid the invoice within the 3% cash discount period. The total amount paid for this merchandise is:
$7,517.50
$8,245.00
$7,519.00
$7,750.00
$8,295.00
I got 7519, is it correct?
Homework Answers
The answer is correct.
C. $7,519.00
Total amount paid for this merchandise = [($8,500 - $800) x 0.97] + $50
Total amount paid for this merchandise = $7,519
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