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A company purchased $2,000 of merchandise on August 15 with terms 1/10, n/30. On August 17, it returned $200 worth of merchandise. On August 18, it paid the amount due. The amount of the cash paid on August 18 equals:________
a. $2,000.
b. $1,800
c. $1,782
d. $1,620.
e. $1,260.

Respuesta :

A because that’s how much they have left
Tundexi

The amount of the cash paid is $1,782

Let understand the question aims to solve the amount of cash paid for purchase of a merchandise $2,000, there is also some return of the merchandise worth $200.

  • On Aug 15, Purchase merchandise $2,000, On Aug 17, Return merchandise $200, Discount = 1%

Amount of cash paid = ($2,000 - $200) - 1% discount  

Amount of cash paid = $1,800 - ($1,800)*1%

Amount of cash paid = $1,800 - $18

Amount of cash paid = $1,782

In conclusion, on August 18, the amount of the cash paid is $1,782.

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