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3. Jones of New York sold a fax machine for $400 to Ron Stationery of Boston. Terms of the sale on July 29 are 2/10 EOM FOB New York. Jones agreed to prepay the freight of $25. Assume Ron pays on September
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3. Jones of New York sold a fax machine for $400 to Ron Stationery of Boston. Terms of the sale on July 29 are 2/10 EOM FOB New York. Jones agreed to prepay the freight of $25. Assume Ron pays on September 4. How much will it pay Jones?

User PingZing
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$400. Because Jones prepaid the freight and did not pay within the 10 day terms for the 2% discount. Hope this helps :F
User Mime
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