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Merchandise | Terms | Payment | |
a. | $10,000 | 2/10, n/60 | $9,800 |
b. | $27,500 | 1/15, EOM | $27,225 |
c. | $85,000 | 1/10, n/30 | $84,150 |
d. | $22,500 | 3/15, n/45 | $21,825 |
working notes :
a. Payment = $10,000 * (100% - 2%)
= $10,000 * 98%
= $9,800
b. Payment = $27,500 * (100% - 1%)
= $27,500 * 99%
= $27,225
c. Payment = $85,000 * (100% - 1%)
= $85,000 * 99%
= $84,150
d. Payment = $22,500 * (100% - 3%)
= $22,500 * 97%
= $21,825
Looking for a solution to this question Compute the amount to be paid for each of...
Looking for a solution to this question
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