a company purchased $3,100 of merchandise on july 5 with terms 3/10, n/30. on july 7, it returned $340 worth of merchandise. on july 8, it paid the full amount due. the amount of the cash paid on july 8 equals:

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11-10-2022
Business

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a company purchased $3,100 of merchandise on july 5 with terms 3/10, n/30. on july 7, it returned $340 worth of merchandise. on july 8, it paid the full amount due. the amount of the cash paid on july 8 equals:

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rafikiedu01 rafikiedu01 · Answer 1 · 2022-10-18T13:55:08+02:00

The amount of cash paid on July 8 is $2677.

As per the company if buyer pay within 15days then they will get additional discount otherwise if company pay as per normal I.e if buyer pays within 30 days, then no additional discount will be provided.

Calculation of discount = 3100-340

: =2760*3%=$26767

The commodities or items which might be sold and bought in business: wares sell a number of spring merchandise. 2 archaic: the profession of a merchant: trade. merchandise.

Merchandise is the time period used for any product that you may promote or buy. Any exact on the market is merchandise, a few examples include groceries in a supermarket, garments in a retail store, electronics on an internet site or uncooked substances in a production warehouse.

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