Do 3392 64takequestions152431 sor Bradford Question 18 3 pts

Do 3392 64/take/questions/152431 sor Bradford Question 18 3 pts Crescent Company purchased merchandise with a list price of $2,000 from the Marlborough Gate Marborough Gate offers a two percent cash discount if payment is received within 10 days What is the payment amount if the cash discount is taken?

Solution

List price = $2000

Eligible cash discount = 2 %

Payment amount = $2000 * 98 %

= $1960