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How much did they save by borrowing

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Question - Smith and Smithereen, Inc. purchased window glass priced at $902.63 less 10%. In an addition to the trade discount, the supplier offered credit terms of 3/10, n/30. When the bill came, there was an additional charge of $8 for special handling. To pay the bill and take advantage of the cash discount, the company discounted a loan at their bank at 9%.

a. How much would they have had to pay without the cash discount?

b. How much must they repay the bank?

c. How much did they save by borrowing?

Reference no: EM132926426

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