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ikrabbe ikrabbe
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6 years ago
An invoice for $5999.00, dated June 27, terms 2/10 E.O.M., was received June 30. What payment must be made on July 10 to reduce the debt to $2000.00?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
Reduction needed = 5999 - 2000 = $3999.00
Discount allowed: 3%
Payment = 3999(1 - 0.02) = $3919.02
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