On december 5, z-mart purchased $1,800 worth of merchandise. on december 7, z-mart returned $800 worth of merchandise. on december 8, it paid the balance in full after taking a 2% discount. the amount of the payment was multiple choice $1,000 $1,600

Respuesta :

If  it paid the balance in full after taking a 2% discount. The amount of the payment is $980.

Amount of payment

Using this formula

Cash payment= (Purchased value - returned goods) × (1 -  discount rate)

Let plug in the formula

Cash payment= ($1,800 - $800) × (1 - 0.02)

Cash payment= $1,000 × 0.98

Cash payment= $980

Therefore  The amount of the payment is $980.

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