SOLUTION: A man received an invoice dated March 9, with term 4/10, n/30 amounting to $550. He paid the bill on March 12. How much was the cash discount? The cash discount was $_____.
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Question 828394: A man received an invoice dated March 9, with term 4/10, n/30 amounting to $550. He paid the bill on March 12. How much was the cash discount? The cash discount was $_____. Answer by Seutip(231) (Show Source):
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Since the man payed 3 days after, therefore he will receive a discount of 4%
The
Amount to be Payed $ 528
Cash Discount $ 22
Hope that helps. :)
