A company purchased $6,000 of merchandise.Transportation costs were an additional $100.The company later returned $250 of the merchandise and paid the invoice within the 2% discount period.What is the total amount of cash paid?

Question

Quizplus · Accepted Answer

The cost of merchandise is $6,000 and transportation costs are $100, making the total cost $6,100. After the return of $250, the total cost becomes $5,850. The 2% discount on $5,850 is $117, so the amount paid is $5,850 - $117 = $5,733. Therefore, the best choice is C.

A Company Purchased $6,000 of Merchandise