A business purchased $11,100 worth of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight cost was $1,050. On June 20, he returned $1,680 of that merchandise. On June 24, he paid the balance owed for the merchandise, taking the corresponding discount. 

What will be the cash paid on June 24 ?

Answer rating: 100% (QA)

The terms 210 n45 FOB shipping point mean that the buyer can take a 2 d... View the full answer