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What is the amount of cash that should be received

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Question - A sales invoice included the following information: merchandise price, $7,900; terms 1/10, n/eom; FOB shipping point with prepaid freight of $490 added to the invoice. Assuming that a credit for merchandise returned of $1,600 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

a. $8,306

b. $6,727

c. $1,600

d. $7,900

Reference no: EM133062167

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