Z-Mart purchased $5,000 worth of merchandise on credit.Transportation costs were an additional $100,paid cash to the cartage company on delivery.Z-Mart returned $275 worth of merchandise and paid the invoice on time,and took a 2% purchase discount.The amount of this payment was:

Question

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The net purchase amount after the return is $4,725 ($5,000 - $275). A 2% discount on $4,725 is $94.50, making the payment $4,630.50 ($4,725 - $94.50). The transportation cost does not affect the discount calculation.

Z-Mart Purchased $5,000 Worth of Merchandise on Credit