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A buyer purchased 48 lamps with a list price of $50 each with discounts of 30%, 20%, and 5%. 11 Terms were 2/10, n/30; transportation
A buyer purchased 48 lamps with a list price of $50 each with discounts of 30%, 20%, and 5%. 11 Terms were 2/10, n/30; transportation FOB factory. Shipping charges of $68 were prepaid by the vendor. The lamps, shipped and billed on October 18, were received on October 25. If the bill was paid on October 31. What amount should be remitted to the vendor?
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