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12 December, 20:22

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?

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  1. 12 December, 23:08
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    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
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