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27 October, 18:44

Sally's Supply orders $3,256 worth of merchandise. Her invoice states 5/10, net 60. How much will she owe if she pays within 10 days and how much will she owe if she pays within 60 days?

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  1. 27 October, 22:32
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    5/10 net 60 means there is a 5% discount if paid within ten days, and the full amount is due within 60 days.

    If she pays in 10 days:

    3256 - (.05 * 3256)

    3256 - 162.80 = $3093.20

    If she pays in 60 days:

    Full balance of $3256 is due
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