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8 July, 09:33

A company purchased $3,400 worth of merchandise. transportation costs were an additional $300. the company returned $235 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. 8 July, 10:18
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    company purchased $3,400 worth of merchandise

    transportation costs were an additional $300

    the company returned $235 worth of merchandise

    then paid the invoice within the 1% cash discount period = 100 - 1 = 99% = 0.99

    total cost of this merchandise=

    [ ($3,400 - $235) x. 99] + $300 = $4,000.50

    = [3165 x 0.99] + $300

    = 3133.35 + $300

    = $3433.35
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