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Home Q & A Board Science-Related Homework Help Mathematics
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majarm majarm
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6 years ago
Daffodil Supplies received a partial payment of $2300.50 from J&K Landscape company on June 7 on an invoice of $7539 dated May 12, terms 5/10, 3/30, n/60.
a) For how much should the Daffodil Supplies credit J&K Landscape's account for the payment?
b) How much does J&K Landscape still owe on the invoice?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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#1
6 years ago
a) Partial payment = $2300.50. Payment is made within the 3% discount period. Hence,
   Let $x be amount credited to the account.
   x(1 - 0.03) = 2300.50
   x = $2371.65
b) The amount still owing is
   7539 - 2371.65 = $5167.35
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