a company purchased $1,800 of merchandise on december 5. on december 7, it returned $200 worth of…

a company purchased $1,800 of merchandise on december 5. on december 7, it returned $200 worth of merchandise. on december 8, it paid the balance in full, taking a 2% discount. the amount of the cash paid on december 8 equals: (careful you must consider the discount) $ 200. $1,564. $1,568. $1,600. $1,800.

a company purchased $1,800 of merchandise on december 5. on december 7, it returned $200 worth of merchandise. on december 8, it paid the balance in full, taking a 2% discount. the amount of the cash paid on december 8 equals: (careful you must consider the discount) $ 200. $1,564. $1,568. $1,600. $1,800.

Answer

Explanation:

Step1: Calculate net - purchase amount

The initial purchase is $1800 and the return is $200. So the net - purchase amount before discount is $1800 - 200=1600$.

Step2: Calculate the amount paid after discount

The discount rate is 2%. The amount of discount is $1600\times0.02 = 32$. The amount paid is $1600-32 = 1568$.

Answer:

$1,568$