Question

Calculate the net amount to be paid for each of the following purchases. Assume that all...

  1. Calculate the net amount to be paid for each of the following purchases. Assume that all invoices are paid within the discount period.

_____ a. $3,000 subject to a trade discount of 15%

_____ b. $4,300 subject to a cash discount of 4/20, n/45

_____ c. $1,500 subject to a trade discount of 15%

_____ d. $375 subject to a cash discount of 3/10, n/30

_____ e. $3,560 subject to a cash discount of 5/30, n/60

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Answer #1

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