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Jordan’s of Boston sold Lee Company of New York computer equipment with a $7,000 list price. Sale terms were 4/10, n/30 FOB Boston. Jordan’s agreed to pay the $400 freight. Lee pays the invoice within
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Jordan’s of Boston sold Lee Company of New York computer equipment with a $7,000 list price. Sale terms were 4/10, n/30 FOB Boston. Jordan’s agreed to pay the $400 freight. Lee pays the invoice within the discount period. What does Lee pay Jordan’s?

User John Siu
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1 Answer

2 votes

Answer:7,120

Step-by-step explanation: Sale discount 0.04 or 4%

100%-4%=96%

1-0.04=0.96

7000x0.96=6,720 + 400 dollar freight =7,120

User Tamlok
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3.9k points
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