Merchandise with an Invoice Price of $3,000 Is Purchased on September

question 131

Multiple Choice

Merchandise with an invoice price of $3,000 is purchased on September 2 subject to terms of 2/10, n/30, 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?

• A) $3,140
• B) $3,136
• C) $2,744
• D) $2,940

---

Definitions:

Cell

A basic unit of life that is the building block of all organisms.

DNA

The molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Extended

Pertaining to something that has been lengthened or stretched out.

Complementary

Elements, items, or substances that, when brought together, enhance each other's properties or complete something.