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The following goods, shipped on June 7 and received on July 2, are: 50 occasional tables at $75 list price 200 folding chairs at $20

The following goods, shipped on June 7 and received on July 2, are:

50 occasional tables at $75 list price

200 folding chairs at $20 list price

Trade discounts are 40% and 5% with terms of 5/10 ROG. What amount must be remitted if the bill is paid on July 12?

  1. $4,650.00
  2. $4,417.50
  3. $4,196.62
  4. $4,098.72

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