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The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be ta…
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The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be ta…
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Mar 3, 2018
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The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be taken?
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Discount on 980
980×0.02
=19.6
the rest
2,800−980
=1,820
Discount on the rest
1,820×0.01
=18.2
Cash discount
18.2+19.6
=37.8
Urvish
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Mar 9, 2018
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Urvish
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