During March a firm purchased $36,500 of merchandise and paid freight charges of $5,280. If the net delivered cost of purchases at the end of March is $33,080, what is the total purchase returns for March?

Question

Quizplus · Accepted Answer

The total cost of purchases including freight charges is $36,500 + $5,280 = $41,780. If the net delivered cost is $33,080, then the total purchase returns must be $41,780 - $33,080 = $8,700.

During March a Firm Purchased $36,500 of Merchandise and Paid