On January 1, Smith & Sons purchased merchandise with an invoice price of

$3,000 and credit terms of 2/10, n/30. On January 4, Smith & Sons paid $100

transportation costs on the purchased merchandise. On January 9, Smith &

Sons paid for the merchandise. What is the total cost of the purchased

merchandise?

Select one:

$2,940

$3,040

$3,100

$3,000