During March a firm purchased $22,650 of merchandise and paid freight charges of $1,720.If the net delivered cost of purchases for the March is $21,900,what is the total purchase returns for March?

Question

Quizplus · Accepted Answer

Net delivered cost of purchases = cost of merchandise + freight charges - purchase returns$21,900 = $22,650 + $1,720 - purchase returnsPurchase returns = $22,650 + $1,720 - $21,900Purchase returns = $2,470

During March a Firm Purchased $22,650 of Merchandise and Paid