SOLUTION: Contracted jones bough $8,750 worth of building materials on August 1. The supplier offered a 2.5% cash discount on any amount paid within 7 days. Compute the amount the builder sh

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Question 1038850: Contracted jones bough $8,750 worth of building materials on August 1. The supplier offered a 2.5% cash discount on any amount paid within 7 days. Compute the amount the builder should remit to credit their account for $7,500 (this problem involves the partial payment of an invoice within the discount period.
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
within 7 days he gets a 2.5% cash discount... no?
7,500*0.97.5 = 7,312.50