Bob's Restoration purchased merchandise inventory of $67,000. If Bob returned merchandise inventory of $12,000 and was able to take a discount of 4%, what is the total amount owed?

Question

Quizplus · Accepted Answer

The total amount owed is calculated by subtracting the returned merchandise from the initial purchase and then applying the discount. So, ($67,000 - $12,000) * (1 - 0.04) = $52,800.

Bob's Restoration Purchased Merchandise Inventory of $67,000