Answer:
d. $6,790
Explanation:
Data provided as per the question
Purchase price = $7,000
Discount = 3% on selling price
The computation of net cost of the goods is given below:-
Net cost of the goods = Purchase price - Discount
= $7,000 - ($7,000 × 3%)
= $7,000 - 210
= $6,790
Therefore for computing the net cost of the goods we simply deduct the discount from the purchase price.
