Question

If Bounder Dog Supplies, Inc. purchased inventory at $2,200 list price and the terms were 3/10, n/30, what would be the value associated with the inventory if payment was made within 10 days? $2,200. $2,134. $2,334. $2,268.

Answer 1

the value associated with the inventory is $2,134

Step-by-step explanation:

The computation of the value associated with the inventory is shown below

= Purchase value of the inventory - discount allowed

= $2,200 - $2,200 × 3%

= $2,200 - $66

= $2,134

hence, the value associated with the inventory is $2,134

We simply applied the above formula so that the correct value could come

And, the same is to be considered