I dont know where the percent is coming from... help! Cheshire Co....
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I dont know where the percent is coming from... help!
Cheshire Co. purchased $2,350 of merchandise on account. The terms of the purchase are 3/15,n/45,FOB shipping point with prepaid shipping costs of $70. If Cheshire pays within the discount period, what is the amount of the purchase discount? (Round the final answer to the nearest cent.) A. $68.40 B. $72.60 C. $70.50 D. No discount is allowed when shipping is prepaid
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