Respuesta :
Answer:
$4000.50
Explanation:
Given: Worth of merchandise purchased= $4000.
Transportation cost= $350.
Merchandise returned= $275
2% cash discount provided.
First finding the percent of invoice paid.
we know, 2% cash discount been provided.
Total invoice paid= [tex]100\%-2\%= 98\%[/tex]
∴ Percent of invoice paid for merchandise is 98%.
Now, let´s find the Total amount of merchandise purchased.
Total amount of merchandise purchased= [tex]Total\ merchandise\ purchased- merchandise\ returned[/tex]
⇒ Total amount of merchandise purchased= [tex]\$4000-\$275= \$ 3725[/tex]
∴ Total amount of merchandise purchased is $3725
Amount of invoice paid after discount.
Invoice paid= [tex]3725\times \frac{98}{100}[/tex]
⇒ Invoice paid= [tex]\$ 3650.50[/tex]
∴ Invoice paid= $3650.50
Next, finding the total amount paid for the merchandise.
Total amount paid of merchandise = [tex]Invoice\ paid + transportation\ costs[/tex]
⇒ Total amount paid of merchandise = [tex]\$3650.50 + \$ 350= \$ 4000.50[/tex]
∴ Total amount paid for the merchandise is $4000.50
Hence, Cost of merchandise is the amount paid for the merchandise, which is $4000.50.
