SOLUTION: The Exotic Import Company received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20; 1/30, n/60 R

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Question 1026588: The Exotic Import Company received an invoice dated January 5 for a
shipment of goods received January 11. The invoice was for $5525.00 less
40%, 8% with terms 3/20; 1/30, n/60 R.O.G. Answer each of the following
independently of each other.
a) How much must Exotic Import pay on January 20th to reduce its debt
by $3000.00?
b) How much will the company pay on February 5 if it wants its debt
reduce to $3000.00?
c) What will the debt be reduced to if the company pays $3000 on
February 5th?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


This is an Algebra website. You need to find a business and finance site for this type of question.

John

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