Question - Charlet Company sells office chairs to its customers. On July 5, Rutherford Corporation purchased 18 office chairs from Charlet for a list price of $200 each. Rutherford returned 2 of the chairs on July 7 and paid the remainder of the invoice on July 16. Charlet offers credit terms of 5/15, n/40 to its credit customers.
Calculate the amount of cash Rutherford paid to Charlet on July 16. Do not use decimals in your answer.