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13 January, 09:57

On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the sales discount be if the payment is received on January 9?

a.$8,750

b.$1750

c.$10,000

d.$26,250

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Answers (1)
  1. 13 January, 10:35
    0
    b. $1750

    Explanation:

    Provided that

    Sale of the company = $87,500

    Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

    The amount of the sales discount would be

    = Sale of the company * discount percentage

    = $87,500 * 2%

    = $1,750

    We simply multiplied the sale of the company with the discount percentage so that the sales discount could come
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