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hliz3 hliz3
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Find the discount date, the due date, and the complement rate. Use the complement method to find the remittance if the required remittance is paid within the discount period.

Lakewood Resorts buys canned food on terms of 1/5, net/45. An invoice for canned food dated July 3 was for $374. The total included a $24 delivery charge. On July 5, Lakeside Resorts returned cans worth $74.20 because they were damaged.

Discount Date:_________ Complement Rate:_________
Due Date:_________ Remittance:_________
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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linakhalaflinakhalaf
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Discount Date:July 3 + 5 days = July 8
Due Date:July 3 + 45 days = Aug. 17
$374 - $24 - $74.20 = $275.80;
Complement Rate:100% - 1% = 99%
$275.80 ´ 0.99 = $273.04
Remittance:$273.04 + $24 = $297.04
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hliz3 Author
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6 months ago
This site is awesome
wyq2651
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Thanks for your help!!
karamsidhu1
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Thank you, thank you, thank you!
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