SOLUTION: The invoice date is August 1st. The terms are 5/10 EOM. What is the percent of the cash discount being offered?

Question 1082027: The invoice date is August 1st. The terms are 5/10 EOM. What is the percent of the cash discount being offered?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

When I want vegetables, I go to the grocery store. When I want nuts and bolts, I go to the hardware store. Using similar logic, I recommend that you go to an Accounting homework help site when you have Accounting questions, and come back here to Algebra.com when you want help with your mathematics. No, Accounting is not Mathematics.

John

My calculator said it, I believe it, that settles it

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