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

$4000.50

Explanation:

Given: Worth of merchandise purchased= $4000.

           Transportation cost= $350.

            Merchandise returned= $275

            2% cash discount provided.

First finding the percent of invoice paid.

we know, 2% cash discount been provided.

Total invoice paid=

∴ Percent of invoice paid for merchandise is 98%.

Now, let´s find the Total amount of merchandise purchased.

Total amount of merchandise purchased=

⇒ Total amount of merchandise purchased=

∴  Total amount of merchandise purchased is $3725

Amount of invoice paid after discount.

Invoice paid=

⇒ Invoice paid=

∴ Invoice paid= $3650.50

Next, finding the total amount paid for the merchandise.

Total amount paid of merchandise =

⇒ Total amount paid of merchandise =

∴ Total amount paid for the merchandise is $4000.50

Hence, Cost of merchandise is the amount paid for the merchandise, which is $4000.50.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi