SOLUTION: Horizon Video buys DVD’s with an invoice price of $21,345, and terms of sale 1/10, n/30. What is the net amount due on the order if the bill is paid by the 10th day?

Question 1134304: Horizon Video buys DVD’s with an invoice price of $21,345, and terms of sale 1/10, n/30. What is the net amount due on the
order if the bill is paid by the 10th day?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

It seems to me that you missed something.

This site is to teach school students in solving their Math problems.

It is not for making financial transactions for you.

For your problems, find another, more appropriate site.

Have a nice day . . .

Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

Horizon Video buys DVD’s with an invoice price of $21,345, and terms of sale 1/10, n/30. What is the net amount due on the
order if the bill is paid by the 10th day?

The lady is right, but I'll answer this since it's an ACCOUNTING question.
The terms mean that if the invoice is paid in 10 days, then a 1% discount will be applied. If not, then the net amount of $21,345 is due in 30 days.
Now, since itw's paid by the 10th day, the amount due would be:
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