Question

Bay Street Vending received an invoice dated August 5 with terms 4/10, 1/30. The amount stated on the invoice was $3165.00 (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (a) The last day to take the cash discount is (b) The amount due is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer 1

Page 5-0 data Answer ? Given means means the amount Invoice dalid was sth August with terms ulio discount posentage offered by Seller number of days from the invoice date which the byer should pay ordo the discount the last day to take discount is August 15 within to recive în So means if the buyor does not pay the 30 full invoice amount 10 days to quality fa the discount, then the is due within 30 days after the Sella Privoice date with in amout the person The amount due is 3165 $. But worth can get discount 3165x4 100 126.6 so net paid will be = 3165 - 126.6 30 38.400000 (Rounded six decimal places)