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

$4,000.50

Explanation:

The company purchased $4,000 worth of merchandise

transportation costs were $350

returned merchandise worth $275

paid the total invoice within the discount period -2%, discount for early payment = ($4,000 - $275) x 2% = $74.50

total amount paid for the merchandise = $4,000 + $350 - $275 - $74.50 = $4,000.50

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