Merchandise costing $2,500 FOB shipping point, terms 1/10, n/30, with prepaid transportation costs of $130, is purchased on account. If the bill is paid within ten days, the amount of the purchase discount is $26.30.

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The Answer of Merchandise costing $2,500 FOB shipping point, terms 1/10, n/30, with prepaid transportation costs of $130, is purchased on account. If the bill is paid within ten days, the amount of the purchase discount is $26.30.

Merchandise Costing $2,500 FOB Shipping Point, Terms 1/10, N/30, with Prepaid