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Home Q & A Board Science-Related Homework Help Mathematics
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kuttin kuttin
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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.

Oceanview Market buys salami and other cured meats on terms of 2.5/10, net/30. An invoice for cured meats was dated July 26 and was for $697.16. On July 28 the deli returned $128.60 worth of the cured meats because they were not packaged properly.

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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Zigdog4400Zigdog4400
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Discount Date:July 26 + 10 days = Aug. 5
Due Date:July 26 + 30 days = Aug. 25
$697.16 - $128.60 = $568.56;
Complement Rate:100% - 2.5% = 97.5%
Remittance:$568.56 ´ 0.975 = $554.35
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