Question

An​ invoice, with payment terms of 5​/10​, n/30, was issued on April 28 for $250.

If the payment was made on May​ 12, the amount of payment will be​ ________.

Answer 1

The payment was made after the discount period, so the amount due is the full invoice amount of $250.

Step-by-step explanation:

The student is asking about how to apply payment terms to an invoice to find out the amount of payment if the payment is made after the discount period has passed. The terms 5/10, n/30 means that a 5% discount is available if paid within 10 days; otherwise, the net amount is due within 30 days. Since the payment was made on May 12 and the invoice was issued on April 28, the payment is made after the discount period (which would last until May 8). Thus, the full invoice amount of $250 is due with no discount.