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Home Q & A Board Science-Related Homework Help Mathematics
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shopaka12 shopaka12
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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.

In an attempt to attract new business customers, the wholesale hardware store offered terms of 2.5/40, net/60. On July 10, a building contractor purchased materials costing $611.25, which included a $50 freight charge. On August 2, the contractor returned materials costing $143.25.

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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dioxy186dioxy186
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More solutions for this book are available here

Discount Date:July 10 + 40 days = Aug. 19
Due Date:July 10 + 60 days = Sept. 8
$611.25 - $50 - $143.25 = $418.00;
Complement Rate:100% - 2.5% = 97.5%
Remittance:$418 ´ 0.975 = $407.55; $407.55 + $50 = $457.55
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shopaka12 Author
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2 weeks ago
Thanks for your help!!
africa143
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Yesterday
this is exactly what I needed
DAGINC
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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