A company purchased $7,500 worth of merchandise.Transportation costs were an additional $80.The company later returned $900 worth of merchandise and paid the invoice within the 3% cash discount period.The total amount paid for this merchandise is:

Question

Quizplus · Accepted Answer

- The initial cost of the merchandise was $7,500.
- Transportation costs were an additional $80, bringing the total to $7,580.
- The company returned $900 worth of merchandise, resulting in a new total of $6,680.
- The company paid within the 3% cash discount period, which means they received a discount of 3% of $6,680, or $200.40.
- The final amount paid is $6,680 - $200.40 = $6,479.60.

Therefore, the correct answer is B.

A Company Purchased $7,500 Worth of Merchandise