Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount period. What is the amount of sales from the above transactions?

The amount of sales from the above transactions is $24,990

Explanation:

The computation of the total amount of sales after applying discount is shown below:

Net sales = Sales - discount

where,

discount = sales * discount rate

= $25,500 * 2%

= $510

And, the sales is $25,500

Now put these values to the above formula

So, the value would equal to

= $25,500 - $510

= $24,990