A company purchased $8,800 worth of merchandise. Transportation costs were an additional $80. The company later returned $1,100 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is: Solution AMount Paid = (8800 + 80 -1100) * 98/100 = 7624.40 THanks .

1. A company purchased $8,800 worth of merchandise. Transportation costs were an additional
$80. The company later returned $1,100 worth of merchandise and paid the invoice within the
2% cash discount period. The total amount paid for this merchandise is:
$7,624.40
$7,780.00
$8,704.00
$8,624.00
$7,626.00
Solution
AMount Paid = (8800 + 80 -1100) * 98/100 = 7624.40
THanks