B & J Lumber Restoration purchased merchandise inventory of $53,000. If B and J returned merchandise inventory of $14,000 and was able to take a discount of 3%, what is the total amount owed?

A) $39,000
B) $53,000
C) $35,820
D) $37,830

Question

Donna Lyza Sabinorio · Accepted Answer

Final Answer : D, Explanation :  The total amount owed is calculated by subtracting the returned merchandise from the initial purchase and then applying the discount. So, $53,000 - $14,000 = $39,000. Then, apply the 3% discount: $39,000 * 0.03 = $1,170. Finally, subtract the discount from the adjusted purchase: $39,000 - $1,170 = $37,830.

B & J Lumber Restoration purchased merchandise inventory of $53,000. If B and J returned merchandise inventory of $14,000 and was able to take a discount of 3%, what is the total amount owed?

A) $39,000
B) $53,000
C) $35,820
D) $37,830

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Learning Objectives

Related questions

B & J Lumber Restoration purchased merchandise inventory of $53,000. If B and J returned merchandise inventory of $14,000 and was able to take a discount of 3%, what is the total amount owed?A) $39,000B) $53,000C) $35,820D) $37,830

Definitions

Learning Objectives

Learning Objectives

Related questions

B & J Lumber Restoration purchased merchandise inventory of $53,000. If B and J returned merchandise inventory of $14,000 and was able to take a discount of 3%, what is the total amount owed?

A) $39,000
B) $53,000
C) $35,820
D) $37,830