SOLUTION: PLzz solve this How much would be required on July 7 to settle an invoice of $811.49 dated June 27 with credit terms 2/10, 1/20, n/60? (Round your answer to 2 decimal places.)

Question 1016653: PLzz solve this
How much would be required on July 7 to settle an invoice of $811.49 dated June 27 with credit terms 2/10, 1/20, n/60? (Round your answer to 2 decimal places.)

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How much would be required on July 7 to settle an invoice of $811.49 dated June 27 with credit terms 2/10, 1/20, n/60?
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It's 10 days, so use 2%/10. That means deduct 2% if paid within 10 days.
--> $811.49 - 0.02*811.49
= 0.98*811.49
= $795.26

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