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19 May, 13:00

Merchandise with an invoice price of $3,000 is purchased on September 2 subject to terms of 2/10, n/30, FOB destination. Freight costs paid by the seller totaled $200. What is the cost of the merchandise if paid on September 12, assuming the discount is taken?

A. $2,744

B. $3,136

C. $2,940

D. $3,140

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Answers (1)
  1. 19 May, 14:28
    0
    C. $2,940

    Explanation:

    Discount = $3000 * 2/100

    = $60

    Cost of merchandise = $3000 - $60

    = $2,940
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