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ikrabbe ikrabbe
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4 years ago
On June 18, an invoice dated June 18 for $6250.00 less 17%, 16%, terms 5/10, n/30, was received by Nova Distributors.
a) What is the last day of the discount period?
b) What is the amount due if the invoice is paid in full within the discount period?
Textbook 

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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4 years ago
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More questions for this book are available here
a)    Last day of discount period is June 28
b)    Net amount of invoice = 6250(0.83)0.84 = $ 4357.50
   Amount paid = 4357.50(0.95) = $4139.63

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