Purrfect Pets bought 6,000 bags of dog food at a cost of $5 a bag and received a 2% purchase discount for early payment. Purrfect Pets also paid a trucking company $1,660 for shipping the 6,000 bags. Purrfect Pets sold 6,000 bags of dog food this month for $10 each; 2,600 of these bags were sold to customers who took advantage of their 3% early payment terms. Twenty bags were returned by customers who did not take advantage of the early payment terms.

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The Answer of Purrfect Pets bought 6,000 bags of dog food at a cost of $5 a bag and received a 2% purchase discount for early payment. Purrfect Pets also paid a trucking company $1,660 for shipping the 6,000 bags. Purrfect Pets sold 6,000 bags of dog food this month for $10 each; 2,600 of these bags were sold to customers who took advantage of their 3% early payment terms. Twenty bags were returned by customers who did not take advantage of the early payment terms.

Purrfect Pets Bought 6,000 Bags of Dog Food at a Cost