A Company Purchased $4,000 Worth of Merchandise FOB Shipping Point

question 262

Multiple Choice

A company purchased $4,000 worth of merchandise FOB shipping point. Transportation costs of an additional $350 were paid by the seller and added to the sales invoice. The company later returned $275 worth of merchandise and paid the invoice within the 2% cash discount period. The total amount paid for this merchandise is:

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