Question
Merchandise costing $7,000 with terms of 1//10,n//30, with transportation costs of $460 included on the invoice (not included in the $7,000 ) is sold on
Merchandise costing $7,000 with terms of 1//10,n//30, with transportation costs of $460 included on the invoice (not included in the $7,000 ) is sold on account. If the bill is paid within ten days, the amount of the purchase discount is:
A.$70.00
B.$74.60
C.$4.60
D.$65.40
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
