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JC Penney of Boston Sold Office Equipment for $12,000 to Lee's

Question 73

Multiple Choice

J.C. Penney of Boston sold office equipment for $12,000 to Lee's of San Diego. Terms of the sale are 3/10, n/30 FOB Boston. J.C. Penney has agreed to prepay freight $300. Assuming Lee's pays within the discount period, how much will Lee's pay J.C. Penney?


A) $11,640
B) $8,544
C) $8,644
D) $11,940
E) None of these

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