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Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company returns $1000 of merchandise that was damaged, along with a
check to settle the account within the discount period. What is the amount of the check?
$4700
$4606
$5586
$5606

Respuesta :

Cricetus

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= [tex](5700-1000)\times 98 \ percent[/tex]

= [tex](5700-1000)\times 0.98[/tex]

= [tex]4700\times 0.98[/tex]

= [tex]4606[/tex] ($)

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