Can someone help me with this accounting question so i can understand this: i paid skywalker distributors in f

Question

ull, less discount.

april 18 purchased merch. from skywalker distributors $4,500, FOB shipping point, terms 2/10, n/30

april 20 paid freight on april 18 purchase $100

april 26 purchased merch. for cash $2,300

april 27 paid skywalker distributors in full, less discount.

my question is how much did i give in full, was it 4,500.

Answer 1

No, it wasn't $4,500. The terms were 2/10, so if you paid within 10 days of Apr 18, you get a 2% discount. You paid on Apr 27, so you qualify for the discount, so you pay only 98% of $4,500, which is $4,410. The discount was $90.