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ser-zykov
1 month ago
14

A company purchased $3,300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth o

f merchandise and then paid the invoice within the 3% cash discount period. The total cost of this merchandise is:
a. $3,240.00.
b. $3,093.00.
c. $3,261.00.
d. $3,267.90.
e. $3,360.00.
Business
1 answer:
stepan [3.5K]1 month ago
8 0
The right choice is option (D). According to the given situation, the details are as follows: Purchase cost = $3,300 Transportation cost = $290 Return value = $230 Discount rate = 3% To find the total cost of merchandise, we follow this procedure: First, we deduct the return value from the purchase value. Then, $3,300 - $230 = $3,070 Now, we apply the discount, which is 3% of $3,070 = $92.10 Net purchase value = $3,070 - $92.10 = $2,977.90 Next, we add the transportation expense to the purchase value: $2,977.90 + $290 = $3,267.90 Thus, the complete cost of this merchandise is $3,267.90.
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