A company purchased $4,500 of merchandise on May 1 with terms of 210, n30. On May 6,
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A company purchased $4,500 of merchandise on May 1 with terms of 2⁄10, n⁄30. On May 6, it returned $250 of that merchandise. On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to. The cash paid on May 8 is
a. $4,500.
b. $4,250.
c. $4,160.
d. $4,165.
e. $4,410.
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