Question: Merchandise costing $ 7 , 0 0 0 with terms of 1 1 0 / 1 1 0 , n 3 0 / n 3

Merchandise costing $7,000 with terms of 110/110, n30/n30, with transportation costs of $460 included on the invoice (not included in the $7,000) is sold on account. If the bill is paid within ten days, the amount of the purchase discount is:
Multiple Choice
$70.00.
$4.60.
$74.60.
$65.40.

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