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Cheshire Co. purchased $2,350 of merchandise on account. The terms of the purchase are 2/15, n/45, FOB shipping point with prepaid shipping costs of $70.

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Cheshire Co. purchased $2,350 of merchandise on account. The terms of the purchase are 2/15, n/45, FOB shipping point with prepaid shipping costs of $70. If Cheshire pays within the discount period, what is the amount of the purchase discount? (Round the final answer to the nearest cent.) A. $47.00 B. $45.60 C. $48.40 D. No discount is allowed when shipping is prepaid

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