Merchandise subject to terms 1/10, n/30, FOB shipping point,is sold on account t

Question

Merchandise subject to terms 1/10, n/30, FOB shipping point,is sold on account to a customer for $18,000. The seller issued acredit memorandum for $4,000 prior to payment. What is the amountof the cash discount allowable?
a. $190 b. $180 c. $170 d. $140 Merchandise subject to terms 1/10, n/30, FOB shipping point,is sold on account to a customer for $18,000. The seller issued acredit memorandum for $4,000 prior to payment. What is the amountof the cash discount allowable?
a. $190 b. $180 c. $170 d. $140

Explanation / Answer

d) 140    (.01)(18000-4000)=140 : please start rating reponsesgiven.....thanks Mathtut

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