Respo

Question $2$

$4$ pis

Inventory costing $$4,000$ is sold for $$5,000$ with terms $\frac{3}{10},\frac{n}{30}.$ If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?

$$1,000.$

$$ $$5,000.$

$$ $$4,850.$

$$ $$3,880.$