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A Company Purchased $4,000 Worth of Merchandise

Question 136

Multiple Choice

A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost of this merchandise is:


A) $3,995.00.
B) $4,075.00.
C) $4,000.50.
D) $3,725.00.
E) $3,925.00.

Correct Answer:

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