Question

A retailer purchases to merchandise with an invoice price of $21200 in terms of sale of 6 / 15 and in over 45. What is the Netta Mountain Dew and money on the order? Of if a partial payment of ten thousand eight hundred is made on the fifteenth day

Answer 1

To calculate the net amount due for the merchandise, a 6% trade discount on the invoice price of $21,200 is applied, resulting in a discounted price of $19,928. A partial payment of $10,800 made on the fifteenth day reduces the net amount due to $9,128.

Step-by-step explanation:

The question pertains to the calculation of the net amount due by a retailer for merchandise considering trade discounts and partial payments made within a certain period. The terms '6 / 15, n/45' imply there is a 6% discount if the payment is made within 15 days; otherwise, the net amount is due in 45 days. To calculate what the net amount due (Netta Mountain Dew) is if a partial payment of $10,800 is made on the fifteenth day, we first find the discounted price by applying the 6% discount to the invoice price of $21,200.

Discounted price = Invoice price - (Invoice price x Discount rate) = $21,200 - ($21,200 x 0.06) = $21,200 - $1,272 = $19,928.

After the partial payment of $10,800 on the fifteenth day, the net amount due would be the discounted price minus the partial payment:
Net amount due = Discounted price - Partial payment = $19,928 - $10,800 = $9,128.