timer Asked: May 14th, 2017

Question Description

Ross Company purchased goods with the following terms and details:

Sales price, $10,000
Terms, 1/10, n/30
Date of sale, December 9
Date of payment, December 20
Returns and allowances (before payment), $1,400
Shipping, FOB Shipping Point, $170, prepaid by seller

Compute the amount that Ross Company has to pay to the seller for the goods.

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