Answer:
a. $19,500
b. $10,400
c. $7,448
d. $3,467
e. $3,168
Explanation:
The amounts for each cases are shown below:
a. Total amount paid equals to
= Merchandise amount - return and allowances
= $20,500 - $1,000
= $19,500
b. Total amount paid equals to
= Merchandise amount - return and allowances - discount + freight charges
= $11,400 - $1,400 - $100 + $500
= $10,400
The discount = (Merchandise amount - return and allowances) × discount rate
= ($11,400 - $1,400) × 1%
= $100
c. Total amount paid equals to
= Merchandise amount - return and allowances - discount
= $8,400 - $800 - $152
= $7,448
The discount = (Merchandise amount - return and allowances) × discount rate
= ($8400 - $800) × 2%
= $152
d. Total amount paid equals to
= Merchandise amount - return and allowances - discount + freight charges
= $3,800 - $500 - $33 + $200
= $3,467
The discount = (Merchandise amount - return and allowances) × discount rate
= ($3,800 - $500) × 1%
= $100
e. Total amount paid equals to
= Merchandise amount - discount
= $3,200 - $32
= $3,168
The discount = Merchandise amount × discount rate
= $3,200 × 1%
= $32
