Pharoah Company purchased machinery on January 1 at a list price of $270000, with credit terms 2/10, n/30. Payment was made within the discount period. Pharoah paid $79750 sales tax on the machinery and paid installation charges of $4800. Prior to installation, Pharoah paid $10900 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?

$349150.

$344350.

$360050.

$365450

Answer rating: 100% (QA)

The correct answer is 360050 Explanation total cost of the ... View the full answer