Acompany purchased $3,100 worth of merchandise. transportation costs were an additional $270. the company returned $215 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is:

The initial purchase of merchandise was 3,100 dollars.

Transportation cost occurred was 270 dollars.

Then the company returned merchandise of 215 dollars.

The invoice got paid with a discount of 1% cash discount.

The discount is applied on invoice of initially purchased merchandise, net returned merchandise. It does not affect transportation charges.

So, Total Cost = (100% - discount) x (Initial purchase - any return) + (transportation charges)

Total cost = (100% - 1%) x (3,100 - 215) + 270

Total cost = (99%) x (2,885) + 270

Total cost = 0.99 x 2885 + 270

Total cost = 2856.15 + 270 = 3126.15

Hence, total costs of this merchandise are 3,126.15 dollars.

55? i think maybe

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