Ask Question
26 September, 07:47

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:

+4
Answers (1)
  1. 26 September, 11:06
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company purchased $4,300 worth of merchandise. transportation costs were an additional $380. the company returned $295 worth of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers