Chocolate Corporation sells merchandise on account for $3,000 to Marshmallow Corporation with credit terms of 2/10, n/30.Marshmallow returns $600 of merchandise that was damaged, along with a cheque to settle the account within the discount period.What is the amount of the cheque?
A)$2,952
B)$2,940
C)$2,400
D)$2,352

Question

Quizplus · Accepted Answer

The original sale was $3,000, with $600 returned, leaving $2,400. A 2% discount on $2,400 is $48, so the cheque amount is $2,400 - $48 = $2,352.

Chocolate Corporation Sells Merchandise on Account for $3,000 to Marshmallow