Silver Co. sold merchandise to Copper Co. on account, $75,000, terms 2/10, net 30. The cost of the merchandise sold is $55,000. Silver Co. issued a credit memorandum for $10,000 for merchandise returned that originally cost $9,000. Copper Co. paid the invoice within the discount period. What is amount of net sales from the transactions?

a. $63,500

b. $63,700

c. $64,680

d. $65,000

Answer rating: 100% (QA)

b 63700 Total ... View the full answer