Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the balance of his account after the discount period, how much should he pay?

Question

Business

Jair Cowan

6 July, 01:33

Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the balance of his account after the discount period, how much should he pay?

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Answers (2)

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Beatrice Haas · Answer 1

Beatrice Haas 6 July, 02:29

0

the answer i think is c

$200.00

Madden Horton · Answer 2

Since Zach returned $200 worth of merchandise, his balance is $200 (400 - 200).

The Indication "1/10, n/30" (or "1/10 net 30") on an invoice represents a cash (sales) discount provided by the seller to the buyer for quick payment.

The term 1/10, n/30 is a usual credit term which means:

· "1" displays the discount percentage offered by the seller.

· "10" specifies the number of days (from the invoice date) within which the buyer should pay the proof of purchase in order to receive the discount.

· "n/30" states that if the buyer does not pay the (full) invoice amount within the 10 days to qualify for the discount, then the net amount is payable within 30 days after the sales invoice date.

Subsequently Zach paid after the discount period so he will pay $200 because he isn’t qualified to get the discount.