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RoseWind [281]
3 years ago
5

A company purchased $3,600 worth of merchandise. transportation costs were an additional $315. the company later returned $250 w

orth of merchandise and paid the invoice within the 3% cash discount period. the total amount paid for this merchandise is:
Business
1 answer:
Anestetic [448]3 years ago
6 0

Answer: $3,564.50

Explanation:

The total amount that the company will pay for the merchandise is the net cost of the merchandise, less a 3% cash discount, plus the transportation costs. The cash discount normally only applies to the merchandise and not the transportation costs.

The cost of the merchandise is $3,600 less the $250 refund, which equals $3,350. With a 3% cash discount they will pay 97% of this amount, which is $3,249.50. After adding the additional transportation charge of $315, the total amount to be paid is $3,564.50.

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