An invoice in the amount of $750 is subject to a trade discount of 15%...
An invoice in the amount of $750 is subject to a trade discount of 15% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be
Homework Answers
Invoice = $750
Trade discount rate = 15%
Credit terms = 3/10, n/30
Trade discount = Invoice x Trade discount rate
= 750 x 15%
= $112.50
Final amount due = Invoice- Trade discount
= 750-112.50
= $637.50
If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be $637.50.
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