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Runge Company purchased machinery on January 1 at a list price of $200,000, with credit terms 2/10, n/30. Payment was made within the discount period.
Runge Company purchased machinery on January 1 at a list price of $200,000, with credit terms 2/10, n/30. Payment was made within the discount period. Runge paid $10,000 sales tax on the machinery, and paid installation charges of $3,520. Prior to installation, Runge paid $8,000 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?
a)217520
b)202000
c)221520
d)209520
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