Mel's Furniture received an invoice dated September 27 for five bedroom sets at $3,000 each.The invoice indicated av trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM.Assuming Mel pays on november 2,what amount would be paid?(be sure to include the freight cost)

To calculate the amount Mel would pay, we need to consider the trade discount, the prepaid freight, and any applicable terms discounts.

First, let's calculate the total cost of the bedroom sets before applying any discounts:
Total cost of 5 bedroom sets = 5 sets x $3,000 = $15,000

Now, let's break down the trade discount of 5/8/3:
5/8/3 means there are three discounts in sequence: 5%, 8%, and 3%.

Applying the first discount of 5%:
Discounted cost after the first discount = $15,000 - (5% x $15,000) = $15,000 - $750 = $14,250

Next, let's apply the second discount of 8% to the discounted cost after the first discount:
Discounted cost after second discount = $14,250 - (8% x $14,250) = $14,250 - $1,140 = $13,110

Lastly, let's apply the third discount of 3% to the discounted cost after the second discount:
Discounted cost after third discount = $13,110 - (3% x $13,110) = $13,110 - $393.3 = $12,716.7

Now, let's add the prepaid freight of $200:
Total amount to be paid = $12,716.7 + $200 = $12,916.7

Finally, considering the terms of 2/10 EOM (2% discount if paid within 10 days of the end of the month), Mel would need to pay by November 10 to qualify for the discount.

However, since Mel pays on November 2 (before November 10), the terms discount of 2% applies.
Discounted amount after terms discount = $12,916.7 - (2% x $12,916.7) = $12,916.7 - $258.33 = $12,658.37

Therefore, Mel would pay $12,658.37, including the freight cost.