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A company purchased $2,000 of merchandise on Nov. 2 with terms 2/10, n/30. On Nov. 8, it returned $500 worth of merchandise. On Nov. 10, it paid the invoice. The amount paid on Nov. 10 equals : ?

A company purchased $5,000 worth of merchandise inventory. The company paid for transportation costs of $400. The company later returned damaged investory for $380 and paid the invoice with a 2% discount period. What is the total amount paid for this merchandise inventory?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9801241

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