A company purchased $4,300 worth of merchandise. transportation costs were an additional $380. the company returned $295 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is:

To solve:

Total cost of merchandise = [ (purchased merchandise - returned merchandise) x percentage out of hundred - 1] + transportation cost

Total cost of merchandise = [ ($4,300 - $295).99] + $380

Total cost of merchandise = ($4,005) (.99) + $380

Total cost of merchandise = $3,964.95 + $380

Total cost of merchandise = $4,344.95