A sales invoice included the following information: merchandise price, $6,000; terms 2/10, n/eom.Assuming that a credit for merchandise returned of $600 is granted prior to payment, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

Question

Quizplus · Accepted Answer

The merchandise price is $6,000 with a $600 return, making it $5,400. A 2% discount on $5,400 is $108, so the cash received is $5,400 - $108 = $5,292.

A Sales Invoice Included the Following Information: Merchandise Price, $6,000;