After the amount due on a sale of 49150 terms 310 neom is re

After the amount due on a sale of $49,150, terms 3/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $22,118.

If required, round your answers to nearest whole value.

a. What is the amount of the refund owed to the customer?

Solution

Refund owed to the customer = $49,150 – ($49,150 × 3%)
= $47,676