A company purchased $4,000 worth of merchandise FOB shipping point. Transportation costs of an additional $350 were paid by the seller and added to the sales invoice. The company later returned $275 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is:
A)$3,725.00.
B)$3,925.00.
C)$3,995.00.
D)$4,000.50.
E)$4,075.00.

Question

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The Answer of A company purchased $4,000 worth of merchandise FOB shipping point. Transportation costs of an additional $350 were paid by the seller and added to the sales invoice. The company later returned $275 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is:
A)$3,725.00.
B)$3,925.00.
C)$3,995.00.
D)$4,000.50.
E)$4,075.00.

A Company Purchased $4,000 Worth of Merchandise FOB Shipping Point