Merchandise with an invoice price


Merchandise with an invoice price of $5,000 is purchased on September 2 subject to terms of 2/10, n/30, and FOB destination. Freight costs paid by the seller totaled $200. What is the cost of the merchandise if paid on September 12, assuming the discount is taken?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Merchandise with an invoice price
Reference No:- TGS091997

Expected delivery within 24 Hours