SOLUTION: An invoice for $8,500.00 is dated June 4; the terms are 5/15, n/30. Find the discount if the invoice is paid within nine days of the invoice date.

SOLUTION: An invoice for $8,500.00 is dated June 4; the terms are 5/15, n/30. Find the discount if the invoice is paid within nine days of the invoice date.

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Question 168791: An invoice for $8,500.00 is dated June 4; the terms are 5/15, n/30. Find the discount if the invoice is paid within nine days of the invoice date.
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
so payment is made within the (5% discount within 15 day) period
discount = 8500(.05)=$
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