Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was

Question

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The initial purchase was $3,000. After returning $300 worth of merchandise, the amount owed is $2,700. The transportation cost of $100 paid in cash does not affect the amount owed for the merchandise. With a 2% purchase discount on the $2,700, the discount is $54 ($2,700 * 0.02). Therefore, the final payment is $2,700 - $54 = $2,646. However, since none of the provided options match this calculation and considering the closest correct approach to the given options, the intended correct calculation might have considered the transportation cost as part of the purchase (which is not standard accounting practice for discounts), leading to a payment of $2,744 after applying the discount on the net amount after returns but before adding transportation costs. This discrepancy suggests a misunderstanding in the question's setup or a mistake in the calculation explanation.

Z-Mart Purchased $3,000 Worth of Merchandise on Credit